Ripple's XRP technical analysis: XRP/USD bulls attempting retest of breached channel formation

  • Ripple's XRP price is holding decent gains late on Friday of some 5% in the session.
  • XRP/USD bulls trying to retest a breached channel formation seen via the daily,.
  • heavy resistance can be seen at the $0.3500-0.4000 price range. 

Spot rate:                  0.3472

Relative change:      +5.54%

High:                         0.3503

Low:                          0.3197


Today last price 0.3433
Today Daily Change 0.0145
Today Daily Change % 4.41
Today daily open 0.3288
Daily SMA20 0.4122
Daily SMA50 0.4148
Daily SMA100 0.3754
Daily SMA200 0.35
Previous Daily High 0.3626
Previous Daily Low 0.3179
Previous Weekly High 0.4277
Previous Weekly Low 0.3741
Previous Monthly High 0.5074
Previous Monthly Low 0.3704
Daily Fibonacci 38.2% 0.335
Daily Fibonacci 61.8% 0.3455
Daily Pivot Point S1 0.3102
Daily Pivot Point S2 0.2917
Daily Pivot Point S3 0.2656
Daily Pivot Point R1 0.3549
Daily Pivot Point R2 0.3811
Daily Pivot Point R3 0.3996


XRP/USD 15-minute chart

  • Near-term price action smashing out from a bullish flag structure.


XRP/USD daily chart

  • There is much supply running from $0.3500 back up the $0.4000 mark.

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