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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.   
Ripple's XRP technical analysis: XRP/USD remains within horizontal range channel structure
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 0.3952

Relative change:      -2.00%

High:                        0.4081

Low:                         0.3922

XRP/USD

Overview
Today last price0.3949
Today Daily Change-0.0077
Today Daily Change %-1.91
Today daily open0.4026
 
Trends
Daily SMA200.4236
Daily SMA500.4165
Daily SMA1000.3743
Daily SMA2000.3501
Levels
Previous Daily High0.4047
Previous Daily Low0.3934
Previous Weekly High0.4277
Previous Weekly Low0.3741
Previous Monthly High0.5074
Previous Monthly Low0.3704
Daily Fibonacci 38.2%0.4004
Daily Fibonacci 61.8%0.3977
Daily Pivot Point S10.3958
Daily Pivot Point S20.389
Daily Pivot Point S30.3845
Daily Pivot Point R10.407
Daily Pivot Point R20.4115
Daily Pivot Point R30.4183

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

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.

More from Ken Chigbo
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