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Ripple's XRP technical analysis: XRP/USD bulls having another go at $0.3000

  • Ripple's XRP price is trading with the green by some 0.65% in the session on Tuesday. 
  • XRP/USD running towards its second consecutive session in the green. 
  • Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.  
Ripple's XRP technical analysis: XRP/USD bulls having another go at $0.3000
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

The bulls are attempting to again break down the psychological $0.3000 price mark. 

XRP/USD 60-minute chart

Price action is narrowing within a near-term triangular structure, subject to a potential breakout and continued move north.

Spot rate:                 0.3016

Relative change:      +0.65%

High:                         0.3055

Low:                          0.2957

XRP/USD

Overview
Today last price0.3017
Today Daily Change0.0019
Today Daily Change %0.63
Today daily open0.2998
 
Trends
Daily SMA200.2931
Daily SMA500.2769
Daily SMA1000.2786
Daily SMA2000.3253
 
Levels
Previous Daily High0.3011
Previous Daily Low0.2897
Previous Weekly High0.31
Previous Weekly Low0.2854
Previous Monthly High0.315
Previous Monthly Low0.2425
Daily Fibonacci 38.2%0.2967
Daily Fibonacci 61.8%0.2941
Daily Pivot Point S10.2926
Daily Pivot Point S20.2855
Daily Pivot Point S30.2813
Daily Pivot Point R10.304
Daily Pivot Point R20.3082
Daily Pivot Point R30.3154

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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