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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.

Ken Chigbo Independent Analyst

Spot rate: 0.3149

Relative change: +2.70%

High: 0.3168

Low: 0.3042

XRP/USD

Overview
Today last price	0.315
Today Daily Change	0.0090
Today Daily Change %	2.94
Today daily open	0.306

Trends
Daily SMA20	0.3159
Daily SMA50	0.3217
Daily SMA100	0.3167
Daily SMA200	0.3572

Levels
Previous Daily High	0.3089
Previous Daily Low	0.3026
Previous Weekly High	0.333
Previous Weekly Low	0.2827
Previous Monthly High	0.3803
Previous Monthly Low	0.2827
Daily Fibonacci 38.2%	0.305
Daily Fibonacci 61.8%	0.3065
Daily Pivot Point S1	0.3028
Daily Pivot Point S2	0.2995
Daily Pivot Point S3	0.2965
Daily Pivot Point R1	0.3091
Daily Pivot Point R2	0.3122
Daily Pivot Point R3	0.3154

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

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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XRP/USD

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