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Ripple's XRP technical analysis: XRP/USD critical $0.2500 is hanging on to a thread

  • Ripple's XRP price in the session on Thursday is trading with losses of some 1.45%.
  • XRP/USD price action broke out to the downside from a bearish pennant structure. 
  • The psychological $0.2500 mark is at present being defended by buyers. 
Ripple's XRP technical analysis: XRP/USD critical $0.2500 is hanging on to a thread
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  0.2580

Relative change:      -1.40%

High:                         0.2562

Low:                          0.2475

XRP/USD

Overview
Today last price0.2526
Today Daily Change-0.0037
Today Daily Change %-1.44
Today daily open0.2563
 
Trends
Daily SMA200.2771
Daily SMA500.302
Daily SMA1000.3592
Daily SMA2000.3415
Levels
Previous Daily High0.2695
Previous Daily Low0.2463
Previous Weekly High0.2925
Previous Weekly Low0.2582
Previous Monthly High0.4196
Previous Monthly Low0.2835
Daily Fibonacci 38.2%0.2551
Daily Fibonacci 61.8%0.2606
Daily Pivot Point S10.2452
Daily Pivot Point S20.2341
Daily Pivot Point S30.222
Daily Pivot Point R10.2684
Daily Pivot Point R20.2805
Daily Pivot Point R30.2916

XRP/USD daily chart

  • Price action has extended to the downside out from a bearish pennant structure. 

XRP/USD 60-minute chart

  • Buyers are actively trying to defend the psychological $0.2500 mark, but remains vulnerable. 

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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