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Ripple's XRP technical analysis: XRP/USD dipping in critical a demand zone

  • Ripple's XRP price is trading with the red by some 3.00% in the session on Friday. 
  • XRP/USD is within the control of the market bears, running towards its sixth consecutive in the red. 
  • The price saw a big test of support at the $0.2500 mark, which has proven to attract buyers. 
Ripple's XRP technical analysis: XRP/USD dipping in critical a demand zone
Ken ChigboKen ChigboIndependent Analyst

XRP/USD weekly chart

The price is set for a second consecutive week in the red after the October bull run lost momentum. 

XRP/USD daily chart

The pressure has been very much to the downside since a critical ascending trend line break.

Spot rate:                 0.2602

Relative change:      -3.00%

High:                         0.2694

Low:                          0.2524

XRP/USD

Overview
Today last price0.2603
Today Daily Change-0.0079
Today Daily Change %-2.95
Today daily open0.2682
 
Trends
Daily SMA200.2892
Daily SMA500.2777
Daily SMA1000.2753
Daily SMA2000.3237
 
Levels
Previous Daily High0.2731
Previous Daily Low0.2634
Previous Weekly High0.3149
Previous Weekly Low0.2707
Previous Monthly High0.315
Previous Monthly Low0.2425
Daily Fibonacci 38.2%0.2671
Daily Fibonacci 61.8%0.2694
Daily Pivot Point S10.2634
Daily Pivot Point S20.2585
Daily Pivot Point S30.2537
Daily Pivot Point R10.273
Daily Pivot Point R20.2779
Daily Pivot Point R30.2827

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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