Ripple's XRP Technical Analysis: XRP/USD testing critical supporting trend line


  • Ripple's XRP price into the second half of Thursday is holding minor gains of 0.70%.
  • XRP/USD daily price action is moving within an ascending channel formation.  

 

Spot rate:               0.3150

Relative change:    +0.70%

High:                       0.3179

Low:                        0.3101

 

Trend:                      Bearish

 

Trends:
    Daily SMA20: 0.3144
    Daily SMA50: 0.3161
    Daily SMA100: 0.338
    Daily SMA200: 0.3774
Levels:
    Previous Daily High: 0.3219
    Previous Daily Low: 0.3045
    Previous Weekly High: 0.3505
    Previous Weekly Low: 0.2982
    Previous Monthly High: 0.3906
    Previous Monthly Low: 0.2833
    Daily Fibonacci 38.2%: 0.3111
    Daily Fibonacci 61.8%: 0.3152
    Daily Pivot Point S1: 0.3049
    Daily Pivot Point S2: 0.2959
    Daily Pivot Point S3: 0.2874
    Daily Pivot Point R1: 0.3223
    Daily Pivot Point R2: 0.3309
    Daily Pivot Point R3: 0.3398

 

XRP/USD 60-minute chart

  • Near-term ascending trend line providing support to the price, preventing further downside pressure. 

XRP/USD daily chart

  • Price action moving within an ascending channel formation, very much narrowing. 

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