• Ripple's XRP price on Thursday is trading deeply in the red by some 7.10% in the second half of the day.
  • A fresh wave of selling pressure really kicked in after the bears manage to breakdown $0.4000 earlier in the week. 
  • Via the daily chart view, a critical ascending trend line was breached by the bears, inviting another wave of selling pressure. 

 

Spot rate:                 0.3346

Relative change:      -7.10%

High:                        0.3625

Low:                         0.3179

XRP/USD

Overview
Today last price 0.335
Today Daily Change -0.0258
Today Daily Change % -7.15
Today daily open 0.3608
 
Trends
Daily SMA20 0.4316
Daily SMA50 0.417
Daily SMA100 0.3683
Daily SMA200 0.3473
Levels
Previous Daily High 0.3972
Previous Daily Low 0.3457
Previous Weekly High 0.4277
Previous Weekly Low 0.3741
Previous Monthly High 0.5074
Previous Monthly Low 0.3704
Daily Fibonacci 38.2% 0.3654
Daily Fibonacci 61.8% 0.3775
Daily Pivot Point S1 0.3386
Daily Pivot Point S2 0.3164
Daily Pivot Point S3 0.2871
Daily Pivot Point R1 0.3901
Daily Pivot Point R2 0.4194
Daily Pivot Point R3 0.4416

 

XRP/USD 60-minute chart

  • Bearish pennant was breached via the 60-minute chart, another bearish flag can be seen. 

XRP/USD daily chart

  • The critical daily trend line was breached earlier in the week, opening the door to a fresh wave of selling pressure. 

 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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