XRP Price Analysis: XRP/USD bulls enjoy a five-week rally

XRP price is trading in negative territory, with losses of some 0.20% on Monday.
XRP/USD bulls are making another attempt to break down supply ahead of the big $0.20 level.
The price is consolidating following what looks to have been a bull flag breakout

Ken Chigbo Independent Analyst

XRP/USD weekly chart

The price has been pushing to the north for five consecutive weeks, rising from lows of $0.11 up to around current levels just below $0.2000.

XRP/USD daily chart

A narrowing in the daily price action has been viewable for the last four sessions, with a breakout likely to be explosive. Support seen at $0.1895, resistance up at $0.1960.

Spot rate: 0.1897

Relative change: -.0.20%

High: 0.1948

Low: 0.1858

XRP/USD

Overview
Today last price	0.1893
Today Daily Change	0.0001
Today Daily Change %	0.05
Today daily open	0.1892

Trends
Daily SMA20	0.1874
Daily SMA50	0.1849
Daily SMA100	0.2205
Daily SMA200	0.2323

Levels
Previous Daily High	0.1964
Previous Daily Low	0.188
Previous Weekly High	0.1962
Previous Weekly Low	0.1741
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1912
Daily Fibonacci 61.8%	0.1932
Daily Pivot Point S1	0.186
Daily Pivot Point S2	0.1828
Daily Pivot Point S3	0.1775
Daily Pivot Point R1	0.1944
Daily Pivot Point R2	0.1996
Daily Pivot Point R3	0.2028

Author

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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XRP/USD weekly chart

XRP/USD daily chart

XRP/USD

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