Ripple’s XRP technical analysis: XRP/USD consolidation awaits an explosive breakout

  • Ripple’s XRP failed breakout over the weekend extended the bearish action on Monday.
  • After defending the support at the main trendline and $0.2560, the buyers are keen on pushing for a reversal above $0.26 (short-term resistance).

XRP/USD daily chart

XRP is sliding towards a massive breakout as technical levels align.

The minding falling wedge pattern breakout could launch the cryptoasset in a trajectory above $3.0.

XRP/USD 4-hour chart

XRP must clear the descending trendline resistance for a breakout above the critical $0.28 and $0.33 barriers.

Glancing lower, XRP/USD is strongly protected in the zone between $0.24 and $0.2450.

XRP/USD 1-hour chart

The 100 Simple Moving Average double-cross above the 200 SMA at $0.2574 suggests that XRP will consolidate at a higher level in the coming sessions.

An intermediate trendline break extended the bearish action on Monday but the main trendline is working as a bounce wall for the ongoing reversal.


Today last price 0.2587
Today Daily Change -0.0039
Today Daily Change % -1.49
Today daily open 0.2626
Daily SMA20 0.2634
Daily SMA50 0.2876
Daily SMA100 0.3425
Daily SMA200 0.3387
Previous Daily High 0.2665
Previous Daily Low 0.2564
Previous Weekly High 0.2671
Previous Weekly Low 0.2473
Previous Monthly High 0.6047
Previous Monthly Low 0.376
Daily Fibonacci 38.2% 0.2626
Daily Fibonacci 61.8% 0.2603
Daily Pivot Point S1 0.2572
Daily Pivot Point S2 0.2517
Daily Pivot Point S3 0.247
Daily Pivot Point R1 0.2673
Daily Pivot Point R2 0.272
Daily Pivot Point R3 0.2774



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Cryptocurrency Market Update: Bitcoin struggles at $9,300, while altcoins on the run

BTC/USD attempted to settle above $9,300 during early Asian only to retreat to $9,280 by press time. The first digital asset has been hovering around the key level for the best part of the day, but the upside momentum is nowhere to be seen.

More Bitcoin News

Ripple Technical Analysis: XRP/USD bulls jump the price above the $0.2–level

XRP/USD bulls stayed in control of the market for the third straight day as the price went up from $0.1852 to $0.2050. The Elliott Oscillator has had seven straight green sessions. The RSI has entered ...

More Ripple News

ETH/USD eying up $300 after a convincing bullish reversal pattern

In just three days, Ethereum was able to confirm a daily uptrend and break above an important long-term trendline. Bulls are now only facing the resistance area between $250-253.47 before $287.41, the 2020-high.

More Ethereum News

Cardano Market Analysis:  ADA/USD keeps flying up in price

Cardano has managed to garner significant momentum in recent times with the ongoing rollout of the Shelly upgrade. Charles Hoskinson, the CEO of IOHK (the firm behind Cardano) remains optimistic ...

More Cardano News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast