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.

Ken Chigbo Independent 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 price	0.3017
Today Daily Change	0.0019
Today Daily Change %	0.63
Today daily open	0.2998

Trends
Daily SMA20	0.2931
Daily SMA50	0.2769
Daily SMA100	0.2786
Daily SMA200	0.3253

Levels
Previous Daily High	0.3011
Previous Daily Low	0.2897
Previous Weekly High	0.31
Previous Weekly Low	0.2854
Previous Monthly High	0.315
Previous Monthly Low	0.2425
Daily Fibonacci 38.2%	0.2967
Daily Fibonacci 61.8%	0.2941
Daily Pivot Point S1	0.2926
Daily Pivot Point S2	0.2855
Daily Pivot Point S3	0.2813
Daily Pivot Point R1	0.304
Daily Pivot Point R2	0.3082
Daily Pivot Point R3	0.3154

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.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.