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Ripple's XRP technical analysis: XRP/USD set for key supporting ascending trend line retest

  • Ripple's XRP price on Tuesday in the second half of the day is nursing losses of some 2.8%.
  • XRP/USD daily price action is set for big supporting ascending trend line retest. 
  • A failure of the noted support holding could invite a retest of $0.4000. 
Ripple's XRP technical analysis: XRP/USD set for key supporting ascending trend line retest
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 0.4585

Relative change:      -2.80%

High:                        0.4763

Low:                         0.4553

XRP/USD

Overview
Today last price0.4592
Today Daily Change-0.0139
Today Daily Change %-2.94
Today daily open0.4731
 
Trends
Daily SMA200.4241
Daily SMA500.4
Daily SMA1000.3605
Daily SMA2000.3431
Levels
Previous Daily High0.4754
Previous Daily Low0.4461
Previous Weekly High0.4628
Previous Weekly Low0.4082
Previous Monthly High0.4741
Previous Monthly Low0.2917
Daily Fibonacci 38.2%0.4642
Daily Fibonacci 61.8%0.4573
Daily Pivot Point S10.4543
Daily Pivot Point S20.4355
Daily Pivot Point S30.425
Daily Pivot Point R10.4836
Daily Pivot Point R20.4942
Daily Pivot Point R30.513

XRP/USD 60-minute chart

  • A 60-minute supporting trend line has been broken, opening the door for some near-term selling. 

XRP/USD daily chart

  • Price action is heading for a retest of a daily supporting ascending trend line. 

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.

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