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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.

Ken Chigbo Independent 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 price	0.2697
Today Daily Change	0.0020
Today Daily Change %	0.75
Today daily open	0.2677

Trends
Daily SMA20	0.2694
Daily SMA50	0.2747
Daily SMA100	0.3221
Daily SMA200	0.3353

Levels
Previous Daily High	0.2867
Previous Daily Low	0.2657
Previous Weekly High	0.327
Previous Weekly Low	0.2569
Previous Monthly High	0.3308
Previous Monthly Low	0.2392
Daily Fibonacci 38.2%	0.2737
Daily Fibonacci 61.8%	0.2787
Daily Pivot Point S1	0.26
Daily Pivot Point S2	0.2523
Daily Pivot Point S3	0.239
Daily Pivot Point R1	0.2811
Daily Pivot Point R2	0.2944
Daily Pivot Point R3	0.3021

Author

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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XRP/USD daily chart

XRP/USD 60-minute chart

XRP/USD

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