Ken Chigbo
Independent Analyst
- 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.
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