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Ripple's XRP technical analysis: XRP/USD is running towards a seventh straight session of losses

  • Ripple's XRP price is trading up with marginal gains of 0.25% in the session. 
  • XRP/USD is running towards its seventh straight session of losses, as the bears maintain control. 
  • The next major area of support is eyed down at the pychological $0.2500 price mark. 
Ripple's XRP technical analysis: XRP/USD is running towards a seventh straight session of losses
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

Price action has been sucked back within a previously escaped narrowing daily range of $0.2800-0.2500.

XRP/USD 60-minute chart

Near-term price action appears to be vulnerable, as it moves within a bearish pennant structure. 

Spot rate:                 0.2685

Relative change:      +0.25%

High:                         0.2729

Low:                          0.2637

XRP/USD

Overview
Today last price0.2697
Today Daily Change0.0020
Today Daily Change %0.75
Today daily open0.2677
 
Trends
Daily SMA200.2694
Daily SMA500.2747
Daily SMA1000.3221
Daily SMA2000.3353
 
Levels
Previous Daily High0.2867
Previous Daily Low0.2657
Previous Weekly High0.327
Previous Weekly Low0.2569
Previous Monthly High0.3308
Previous Monthly Low0.2392
Daily Fibonacci 38.2%0.2737
Daily Fibonacci 61.8%0.2787
Daily Pivot Point S10.26
Daily Pivot Point S20.2523
Daily Pivot Point S30.239
Daily Pivot Point R10.2811
Daily Pivot Point R20.2944
Daily Pivot Point R30.3021

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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