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.

Ken Chigbo Independent Analyst

Spot rate: 0.4445

Relative change: -0.10%

High: 0.4713

Low: 0.4365

XRP/USD

Overview
Today last price	0.444
Today Daily Change	-0.0006
Today Daily Change %	-0.13
Today daily open	0.4446

Trends
Daily SMA20	0.3886
Daily SMA50	0.3444
Daily SMA100	0.3329
Daily SMA200	0.3434

Levels
Previous Daily High	0.4574
Previous Daily Low	0.4216
Previous Weekly High	0.4291
Previous Weekly Low	0.3616
Previous Monthly High	0.3803
Previous Monthly Low	0.2827
Daily Fibonacci 38.2%	0.4353
Daily Fibonacci 61.8%	0.4438
Daily Pivot Point S1	0.425
Daily Pivot Point S2	0.4054
Daily Pivot Point S3	0.3892
Daily Pivot Point R1	0.4608
Daily Pivot Point R2	0.477
Daily Pivot Point R3	0.4966

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

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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