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Ripple's XRP technical analysis: XRP/USD critical bottom subject to test from bears, $0.2400 - 0.2300

  • Ripple's XRP price is trading up with minor losses of some -0.80% in the session on Wednesday. 
  • XRP/USD price is heading back for a retest of a breached pennant structure. 
  • Critical demand zone should be noted at the range of $0.2400-0.2300, where the price bottomed between 25-29 September. 
Ripple's XRP technical analysis: XRP/USD critical bottom subject to test from bears, $0.2400 - 0.2300
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

The price is heading back towards a retest of a breached pennant structure, failure to hold could be punishing. 

XRP/USD 60-minute chart

 A lower ascending trend line can be seen not far below as support, tracking at $0.2400. 

Spot rate:                 0.2463

Relative change:      -1.40%

High:                         0.2495

Low:                          0.2451

XRP/USD

Overview
Today last price0.2465
Today Daily Change-0.0020
Today Daily Change %-0.80
Today daily open0.2485
 
Trends
Daily SMA200.264
Daily SMA500.2648
Daily SMA1000.306
Daily SMA2000.3325
 
Levels
Previous Daily High0.2615
Previous Daily Low0.2454
Previous Weekly High0.2899
Previous Weekly Low0.2168
Previous Monthly High0.327
Previous Monthly Low0.2168
Daily Fibonacci 38.2%0.2516
Daily Fibonacci 61.8%0.2554
Daily Pivot Point S10.2421
Daily Pivot Point S20.2357
Daily Pivot Point S30.226
Daily Pivot Point R10.2582
Daily Pivot Point R20.2679
Daily Pivot Point R30.2743

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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