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Ripple's XRP technical analysis: XRP/USD is very close to $0.50 return

  • Ripple's XRP price in the second part of Thursday is trading in minor negative by just some 0.10%>.
  • XRP/USD bulls are pressuring a huge barrier seen tracking from $0.47-0.48 range, the high area of the month. 
  • The noted barrier appears to be the last major area of resistance ahead of $0.50 return. 

Spot rate:                  0.4445

Relative change:      -0.10%

High:                         0.4713

Low:                          0.4365

XRP/USD

Overview
Today last price0.444
Today Daily Change-0.0006
Today Daily Change %-0.13
Today daily open0.4446
 
Trends
Daily SMA200.3886
Daily SMA500.3444
Daily SMA1000.3329
Daily SMA2000.3434
Levels
Previous Daily High0.4574
Previous Daily Low0.4216
Previous Weekly High0.4291
Previous Weekly Low0.3616
Previous Monthly High0.3803
Previous Monthly Low0.2827
Daily Fibonacci 38.2%0.4353
Daily Fibonacci 61.8%0.4438
Daily Pivot Point S10.425
Daily Pivot Point S20.4054
Daily Pivot Point S30.3892
Daily Pivot Point R10.4608
Daily Pivot Point R20.477
Daily Pivot Point R30.4966

XRP/USD 60-minute chart

  • Price action via the 60-minute chart view is supported near-term by an ascending trend line. 

XRP/USD daily chart

  • The bulls are trying to break down chunky supply which runs from $0.4700-0.4800 range. 

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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