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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
XRP Price Analysis: XRP/USD bulls enjoy a five-week rally
Ken ChigboKen ChigboIndependent 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 price0.1893
Today Daily Change0.0001
Today Daily Change %0.05
Today daily open0.1892
 
Trends
Daily SMA200.1874
Daily SMA500.1849
Daily SMA1000.2205
Daily SMA2000.2323
 
Levels
Previous Daily High0.1964
Previous Daily Low0.188
Previous Weekly High0.1962
Previous Weekly Low0.1741
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1912
Daily Fibonacci 61.8%0.1932
Daily Pivot Point S10.186
Daily Pivot Point S20.1828
Daily Pivot Point S30.1775
Daily Pivot Point R10.1944
Daily Pivot Point R20.1996
Daily Pivot Point R30.2028

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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