TRENDING:
BoC Interest Rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Ripple's XRP technical analysis: XRP/USD subject to a breakout from bearish pennant structure

  • Ripple's XRP price is trading in the red on Monday, holding losses of some 0.70%.
  • XRP/USD is moving within the confinements of a bearish pennant structure via the daily. 
  • The big psychological $0.3000 mark remains vulnerable of giving way to the bears. 
Ripple's XRP technical analysis: XRP/USD subject to a breakout from bearish pennant structure
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 0.3091

Relative change:      -0.05%

High:                         0.3141

Low:                          0.3062

XRP/USD

Overview
Today last price0.3096
Today Daily Change-0.0019
Today Daily Change %-0.61
Today daily open0.3115
 
Trends
Daily SMA200.3243
Daily SMA500.3812
Daily SMA1000.3716
Daily SMA2000.3454
Levels
Previous Daily High0.3146
Previous Daily Low0.2991
Previous Weekly High0.3354
Previous Weekly Low0.3027
Previous Monthly High0.5074
Previous Monthly Low0.3704
Daily Fibonacci 38.2%0.3087
Daily Fibonacci 61.8%0.3051
Daily Pivot Point S10.3022
Daily Pivot Point S20.2929
Daily Pivot Point S30.2867
Daily Pivot Point R10.3177
Daily Pivot Point R20.3239
Daily Pivot Point R30.3332

XRP/USD 60-minute chart

  • The price via the 60-minute is moving within a bearish flag structure, vulnerable to downside risks. 

XRP/USD daily chart

  • Price action has been moving within the confinements of a bearish pennant structure. 

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
Share:

Editor's Picks

NEAR Protocol Price Forecast: NEAR rebounds on the launch of India’s biggest IPO, Jio Platforms perps

NEAR Protocol Price Forecast: NEAR rebounds on the launch of India’s biggest IPO, Jio Platforms perps

NEAR Protocol price ticks higher extending its roughly 3% rebound from the previous day. NEAR Intents launched confidential trading of India’s biggest IPO, Jio Platforms, perpetual contracts on Tuesday. Institutional investors' activity shows mild profit-taking after nearly $5 million in outflows on Tuesday.

Top 3 Price Predictions: BTC, ETH and XRP recover as Big Tech earnings take center stage

Top 3 Price Predictions: BTC, ETH and XRP recover as Big Tech earnings take center stage

Bitcoin, Ethereum, and Ripple extend their recovery on Wednesday as investors turn their attention to major technology companies' earnings reports. Microsoft and Alphabet are due to report their Q3 earnings on Wednesday, followed by Amazon on Thursday.

Pepe Price Forecast: PEPE climbs as Justin Sun-linked wallets spark bullish sentiment

Pepe Price Forecast: PEPE climbs as Justin Sun-linked wallets spark bullish sentiment

Pepe surges over 15% so far this week, trading above $0.00000494 as bulls remain in control. Improving derivatives metrics and rising social dominance signal bullish sentiment, amid reports that Justin Sun-linked wallets hold almost 3% of the PEPE supply. In addition, strengthening bullish momentum suggests further upside for the meme coin.

Ethereum ETFs near record monthly outflows as ETH tests $2,310

Ethereum ETFs near record monthly outflows as ETH tests $2,310

Ethereum (ETH) held steady on Tuesday, consolidating at $2,340, just above $2,300 after last week’s decline. Three measures sit within about $18 of each other: ETH’s realized price at $2,310, the 200-day Exponential Moving Average (EMA) at $2,315, and the $2,328 average cost basis of wallets holding 1K-10K ETH.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.