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Ripple's XRP technical analysis: XRP/USD remains within horizontal range channel structure

Ripple's XRP in the second half of Tuesday's session is trading in the red, down some 2.00%.
XRP/USD price action continues to move within a horizontal channel structure via the daily.
The psychological $0.4000 is once again causing some problems, acting as a barrier.

Ken Chigbo Independent Analyst

Spot rate: 0.3952

Relative change: -2.00%

High: 0.4081

Low: 0.3922

XRP/USD

Overview
Today last price	0.3949
Today Daily Change	-0.0077
Today Daily Change %	-1.91
Today daily open	0.4026

Trends
Daily SMA20	0.4236
Daily SMA50	0.4165
Daily SMA100	0.3743
Daily SMA200	0.3501

Levels
Previous Daily High	0.4047
Previous Daily Low	0.3934
Previous Weekly High	0.4277
Previous Weekly Low	0.3741
Previous Monthly High	0.5074
Previous Monthly Low	0.3704
Daily Fibonacci 38.2%	0.4004
Daily Fibonacci 61.8%	0.3977
Daily Pivot Point S1	0.3958
Daily Pivot Point S2	0.389
Daily Pivot Point S3	0.3845
Daily Pivot Point R1	0.407
Daily Pivot Point R2	0.4115
Daily Pivot Point R3	0.4183

XRP/USD 60-minute chart

60-minute chart view is tracking very closely to an ascending trend line of support.

XRP/USD daily chart

Price action is very much ranging via the daily chart view, a lack of committed direction for now.

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

XRP/USD 60-minute chart

XRP/USD daily chart

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