Ripple's XRP technical analysis: XRP/USD lost ground at monthly high

Ripple's XRP price in the second part of Friday is trading with decent gains of just some 2.5%.
XRP/USD was dealt a blow in the session on Thursday, giving back its advances, after retesting the month highs for May.
The noted barrier appears to be the last major area of resistance ahead of $0.50 return.

Ken Chigbo Independent Analyst

Spot rate: 0.4267

Relative change: +2.55%

High: 0.4311

Low: 0.4069

XRP/USD

Overview
Today last price	0.4282
Today Daily Change	0.0097
Today Daily Change %	2.32
Today daily open	0.4185

Trends
Daily SMA20	0.3946
Daily SMA50	0.3457
Daily SMA100	0.3338
Daily SMA200	0.3429

Levels
Previous Daily High	0.4741
Previous Daily Low	0.4016
Previous Weekly High	0.4291
Previous Weekly Low	0.3616
Previous Monthly High	0.3803
Previous Monthly Low	0.2827
Daily Fibonacci 38.2%	0.4293
Daily Fibonacci 61.8%	0.4464
Daily Pivot Point S1	0.3887
Daily Pivot Point S2	0.3589
Daily Pivot Point S3	0.3162
Daily Pivot Point R1	0.4612
Daily Pivot Point R2	0.5039
Daily Pivot Point R3	0.5337

XRP/USD 60-minute chart

Price action via the 60-minute chart view is breaking out of a near-term range, after consolidating.

XRP/USD daily chart

Price action via the daily is retesting a breached pennant pattern formation, if the support holds, eyes may be on further upside.

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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