Ripple's XRP Technical Analysis: XRP/USD bulls going for a retest of the broken wedge structure


  • Ripple's XRP price on Wednesday is trading every so marginally in the green, gains of 0.30%.
  • XRP/USD receives comfort from the reliable psychological $0.3000 price area, buyers continue to protect. 
  • Another retest appears to be underway of the breached ascending wedge/flag structure. 

 

Spot rate:                  0.3023

Relative change:      -1.50%

High:                         0.3029

Low:                          0.2964

XRP/USD

Overview
Today last price 0.3021
Today Daily Change 0.0025
Today Daily Change % 0.83
Today daily open 0.2996
 
Trends
Daily SMA20 0.3101
Daily SMA50 0.3205
Daily SMA100 0.3162
Daily SMA200 0.3534
Levels
Previous Daily High 0.3097
Previous Daily Low 0.2986
Previous Weekly High 0.3176
Previous Weekly Low 0.2915
Previous Monthly High 0.3803
Previous Monthly Low 0.2827
Daily Fibonacci 38.2% 0.3028
Daily Fibonacci 61.8% 0.3055
Daily Pivot Point S1 0.2956
Daily Pivot Point S2 0.2915
Daily Pivot Point S3 0.2845
Daily Pivot Point R1 0.3067
Daily Pivot Point R2 0.3137
Daily Pivot Point R3 0.3178

 

XRP/USD 60-minute chart

  • Price bounces off the key near-term ascending trend line, but there is still much in the way of resistance through the $0.3000 region. 

XRP/USD daily chart

  • Price managed to catch some support once again around big demand zone, just under the psychological $0.3000 mark. 

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