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Ripple's XRP Technical Analysis: XRP/USD range breakout, here come the bulls

Ripple's XRP price in the second half of Tuesday has taken a jump firmly into positive territory, with gains locked in of over 4%.
XRP/USD bulls force a breakout from a narrowing five-day range, attempts of recovery after a recent beating.
Heavy supply will be observed from the $0.3400-0.3500 price range, where some problems may be seen again for the bulls.

Ken Chigbo Independent Analyst

Spot rate: 0.3100

Relative change: -0.95%

High: 0.3166

Low: 0.2963

XRP/USD

Overview
Today last price	0.3105
Today Daily Change	0.0133
Today Daily Change %	4.48
Today daily open	0.2972

Trends
Daily SMA20	0.32
Daily SMA50	0.322
Daily SMA100	0.317
Daily SMA200	0.3587

Levels
Previous Daily High	0.3028
Previous Daily Low	0.2915
Previous Weekly High	0.333
Previous Weekly Low	0.2827
Previous Monthly High	0.3276
Previous Monthly Low	0.287
Daily Fibonacci 38.2%	0.2959
Daily Fibonacci 61.8%	0.2985
Daily Pivot Point S1	0.2915
Daily Pivot Point S2	0.2859
Daily Pivot Point S3	0.2803
Daily Pivot Point R1	0.3028
Daily Pivot Point R2	0.3084
Daily Pivot Point R3	0.3141

XRP/USD 60-minute chart

Price makes an escape from the narrowing range, $0.3075 down to $0.2850. XRP has been moving within this since 25th April.\

XRP/USD daily chart

XRP/USD bulls looking to smash out with a daily closure out from the recent five days narrowing 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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XRP/USD

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