Ken Chigbo
Independent Analyst
- 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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