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Ripple's XRP Technical Analysis: XRP/USD vital ascending trend line guiding the bulls

  • Ripple's XRP price on Tuesday is trading up in very minor positive territory, small gains of just some 1%.
  • XRP/USD bulls are supported near-term by an ascending trend line, see via the daily chart view. 
  • A breakout appears to be imminent, as the price narrows within a triangular structure.  
Ripple's XRP Technical Analysis: XRP/USD vital ascending trend line guiding the bulls
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  0.3271

Relative change:      +1.05%

High:                         0.3291

Low:                          0.3227

XRP/USD

Overview
Today last price0.3268
Today Daily Change0.0024
Today Daily Change %0.74
Today daily open0.3244
 
Trends
Daily SMA200.338
Daily SMA500.3239
Daily SMA1000.319
Daily SMA2000.3654
Levels
Previous Daily High0.333
Previous Daily Low0.3197
Previous Weekly High0.3491
Previous Weekly Low0.3137
Previous Monthly High0.3276
Previous Monthly Low0.287
Daily Fibonacci 38.2%0.3279
Daily Fibonacci 61.8%0.3248
Daily Pivot Point S10.3184
Daily Pivot Point S20.3124
Daily Pivot Point S30.3052
Daily Pivot Point R10.3317
Daily Pivot Point R20.3389
Daily Pivot Point R30.3449

XRP/USD 60-minute chart

  • Price action via the 60-minute view is moving within a narrowing triangular structure, subject to a breakout for XRP/USD. 

XRP/USD daily chart

  • Daily price action for XRP/USD is supported to the upside by an ascending trend line formation.  

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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