Ken Chigbo
Independent Analyst
- Ripple's XRP Price on Tuesday is trading broadly flat, but nearing an explosive breakout.
- XRP/USD price action via the daily time frame is moving in a narrowing nature within a triangular structure.
- Given the persistent failure to sustain any upside momentum, it does appear the bears could very much look at capitalizing soon.
Spot rate: 0.3120
Relative change: -0.03%
High: 0.3131
Low: 0.3075
Trends:
Daily SMA20: 0.3179
Daily SMA50: 0.3119
Daily SMA100: 0.3277
Daily SMA200: 0.3777
Levels:
Previous Daily High: 0.316
Previous Daily Low: 0.3091
Previous Weekly High: 0.3236
Previous Weekly Low: 0.3011
Previous Monthly High: 0.3505
Previous Monthly Low: 0.2879
Daily Fibonacci 38.2%: 0.3118
Daily Fibonacci 61.8%: 0.3134
Daily Pivot Point S1: 0.3089
Daily Pivot Point S2: 0.3055
Daily Pivot Point S3: 0.3019
Daily Pivot Point R1: 0.3158
Daily Pivot Point R2: 0.3194
Daily Pivot Point R3: 0.3227
XRP/USD 60-minute chart
- Price struggling to breakdown near-term supply area around $0.3130 region.
XRP/USD daily chart
- Price remains within the confinements of a triangular pattern structure, nearing a breakout.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?