Ken Chigbo
Independent Analyst
- Ripple's XRP price on Tuesday nursing steep losses of around 3% in the second half of the session.
- XRP/USD bulls do not seem to have enough momentum to breakdown $0.3500-0.3600.
XRP/USD 15-minute chart
- Near-term ascending trend line via the 15-minute providing some minor comfort.
Spot rate: 0.3211
Relative change: -3.01%
High: 0.3375
Low: 0.3166
Trend: Bearish
Trends:
Daily SMA20: 0.3118
Daily SMA50: 0.3182
Daily SMA100: 0.3417
Daily SMA200: 0.3776
Levels:
Previous Daily High: 0.3408
Previous Daily Low: 0.3004
Previous Weekly High: 0.3505
Previous Weekly Low: 0.2982
Previous Monthly High: 0.3906
Previous Monthly Low: 0.2833
Daily Fibonacci 38.2%: 0.3254
Daily Fibonacci 61.8%: 0.3158
Daily Pivot Point S1: 0.3073
Daily Pivot Point S2: 0.2836
Daily Pivot Point S3: 0.2668
Daily Pivot Point R1: 0.3477
Daily Pivot Point R2: 0.3645
Daily Pivot Point R3: 0.3882
XRP/USD 60-minute chart
- Price moving within a pennant/triangular structure, immediate support at $0.3180, resistance at $0.3280, the respective lower and upper trend lines.
XRP/USD daily chart
- Bulls continue to struggle breakdown the tough stubborn barrier at $0.3500-0.3600 price range.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple faces growing downside risks threatening potential return to $3
Ripple (XRP) price hovers at around $2.31 on Monday, extending its gradual drawdown from last week’s high of $2.65, as the broader cryptocurrency market swings between gains and losses amid shifting investor sentiment.
EOS uptrend falters ahead of token swap despite Vaulta’s DeFi TVL soaring to $246 million
EOS price slides on Monday to approximately $0.75, erasing a minor uptick on Sunday, while extending the drawdown from the May 10 high at around $0.99. The EOS network rebranded to Vaulta in the first quarter, paving the way for a web3 banking platform.
Bitcoin gives up weekend gains, signaling potential bull trap as momentum weakens
Bitcoin dips to around $103,000 on Monday, wiping out Sunday's gains and raising concerns of a short-term correction. Metaplanet adds 1,004 BTC to its treasury, while spot Bitcoin ETFs saw $603.74 million in net inflows last week.
Virtuals Protocol Price Forecast: VIRTUAL set to extend losses as triple top formation emerges
Virtuals Protocol (VIRTUAL) price drops over 10% at the time of writing on Monday, trading around $1.78 following a failed attempt to break above a key resistance level over the weekend.
Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand
Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.