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Ripple’s XRP technical analysis: XRP/USD testing critical near-term ascending trend line of support

  • XRP price is trading in the red on Friday down some 2% in the second part of the day. 
  • XRP/USD remains supported for now at the big buying area of $0.3000.
  • Near-term daily supply can be observed around $0.3300-0.3400 price range.
Ripple’s XRP technical analysis: XRP/USD testing critical near-term ascending trend line of support
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  0.3133

Relative change:      -2.15%

High:                         0.3225

Low:                          0.3100

XRP/USD

Overview
Today last price0.3129
Today Daily Change-0.0077
Today Daily Change %-2.40
Today daily open0.3206
 
Trends
Daily SMA200.3644
Daily SMA500.4014
Daily SMA1000.3729
Daily SMA2000.3479
Levels
Previous Daily High0.3264
Previous Daily Low0.3031
Previous Weekly High0.4081
Previous Weekly Low0.3179
Previous Monthly High0.5074
Previous Monthly Low0.3704
Daily Fibonacci 38.2%0.3175
Daily Fibonacci 61.8%0.312
Daily Pivot Point S10.307
Daily Pivot Point S20.2934
Daily Pivot Point S30.2837
Daily Pivot Point R10.3303
Daily Pivot Point R20.34
Daily Pivot Point R30.3536

XRP/USD 60-minute chart

  • Near-term price action supported via the 60-minute by a key ascending trend line.
 

XRP/USD daily chart

  • The buyers are protecting the $0.3000 territory, however now stubborn resistance see at $0.3300-0.3400 capping the bulls.

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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