Ripple's XRP Technical Analysis: XRP/USD bull flag structure eyed despite daily losses


  • Ripple's XRP price on Thursday is trading in negative territory, nursing losses over 2%. 
  • XRP/USD daily chart view is moving within somewhat of a bullish flag structure, as the price cools. 
  • The $0.3000 remains under consistent daily threat by the bears, as they look to force the price down to the next major demand zone $0.2500. 

 

Spot rate:                  0.2986

Relative change:      -2.15%

High:                         0.3039

Low:                          0.2971

XRP/USD

Overview
Today last price 0.2985
Today Daily Change -0.0028
Today Daily Change % -0.93
Today daily open 0.3013
 
Trends
Daily SMA20 0.3083
Daily SMA50 0.3201
Daily SMA100 0.3163
Daily SMA200 0.3526
Levels
Previous Daily High 0.3031
Previous Daily Low 0.2965
Previous Weekly High 0.3176
Previous Weekly Low 0.2915
Previous Monthly High 0.3803
Previous Monthly Low 0.2827
Daily Fibonacci 38.2% 0.3006
Daily Fibonacci 61.8% 0.299
Daily Pivot Point S1 0.2975
Daily Pivot Point S2 0.2937
Daily Pivot Point S3 0.2909
Daily Pivot Point R1 0.3041
Daily Pivot Point R2 0.3069
Daily Pivot Point R3 0.3108

 

XRP/USD 60-minute chart

  • Big price defending around the $0.3000-0.2850 region can be observed via the 60-minute. 

XRP/USD daily chart

  • Price action via the daily is moving within the confinements of a bullish flag structure. 

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