Ripple's XRP Technical Analysis: XRP/USD remains subject to further chunky buying pressure

  • Ripple's XRP price was trading up within gains of some 0.85% in the second half on Friday.
  • XRP/USD price action has done little within the past 10 weeks, narrowing as each week goes on. 

Spot rate:                 0.3167

Relative change:      +0.85%

High:                        0.3182

Low:                         0.3133

Trends:
    Daily SMA20: 0.316
    Daily SMA50: 0.3115
    Daily SMA100: 0.3262
    Daily SMA200: 0.3775
Levels:
    Previous Daily High: 0.319
    Previous Daily Low: 0.3001
    Previous Weekly High: 0.3236
    Previous Weekly Low: 0.3011
    Previous Monthly High: 0.3505
    Previous Monthly Low: 0.2879
    Daily Fibonacci 38.2%: 0.3073
    Daily Fibonacci 61.8%: 0.3118
    Daily Pivot Point S1: 0.3031
    Daily Pivot Point S2: 0.2922
    Daily Pivot Point S3: 0.2842
    Daily Pivot Point R1: 0.322
    Daily Pivot Point R2: 0.3300
    Daily Pivot Point R3: 0.3409

XRP/USD 60-minute chart

  • XRP/USD via the 60-minute view smashed out from a bullish flag formation and ran into sellers up within $0.3200 region. 

XRP/USD daily chart

  • Price action remains within the confinements of an ascending channel formation. 
  • A range-block formation can be observed via the daily, as price action narrows greatly. 

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.