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Ripple's XRP Technical Analysis: XRP/USD bulls are back

  • Ripple's XRP price in the second half of the session on Friday is trading in the green up some 2.70%.
  • XRP/USD bulls receive a shot of energy, as the price takes a jump out from the huge demand zone, around the $0.3000 territory.
  • There next major barrier is seen around $0.3500 and then further north the $0.4000 region. 
Ripple's XRP Technical Analysis: XRP/USD bulls are back
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 0.3149

Relative change:     +2.70%

High:                        0.3168

Low:                         0.3042

XRP/USD

Overview
Today last price0.315
Today Daily Change0.0090
Today Daily Change %2.94
Today daily open0.306
 
Trends
Daily SMA200.3159
Daily SMA500.3217
Daily SMA1000.3167
Daily SMA2000.3572
Levels
Previous Daily High0.3089
Previous Daily Low0.3026
Previous Weekly High0.333
Previous Weekly Low0.2827
Previous Monthly High0.3803
Previous Monthly Low0.2827
Daily Fibonacci 38.2%0.305
Daily Fibonacci 61.8%0.3065
Daily Pivot Point S10.3028
Daily Pivot Point S20.2995
Daily Pivot Point S30.2965
Daily Pivot Point R10.3091
Daily Pivot Point R20.3122
Daily Pivot Point R30.3154

XRP/USD 60-minute chart

  • Near-term supply troubling around the $0.3200 area, below sees the comfort of an ascending trend line. 

XRP/USD daily chart

  • Continues its move south thanks to the big demand zone support, after being under threat towards the back end of April. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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