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XRP Price Analysis: XRP/USD gunning for big $0.2000 retest

  • XRP price is trading in positive territory, with gains of some 1.00% on Friday.
  • XRP/USD upside momentum appears to be back with the bulls, running at four straight days of gains. 
  • Next major barrier to the upside is eyed at $0.2000, following the recent $0.1900 breach.
XRP Price Analysis: XRP/USD gunning for big $0.2000 retest
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

The bulls are making a solid attempt to break out of a narrowing daily range, as the price is on a run higher. 

XRP/USD 60-minute chart

A bullish pennant structure is viewable via the 60-minute chart view, subject to a potential breakout north.

Spot rate:                   0.1942

Relative change:       +1.00%

High:                          0.1971

Low:                           0.1926

XRP/USD

Overview
Today last price0.1943
Today Daily Change0.0014
Today Daily Change %0.73
Today daily open0.1929
 
Trends
Daily SMA200.1893
Daily SMA500.1811
Daily SMA1000.2192
Daily SMA2000.231
 
Levels
Previous Daily High0.1999
Previous Daily Low0.1859
Previous Weekly High0.1962
Previous Weekly Low0.1741
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1945
Daily Fibonacci 61.8%0.1912
Daily Pivot Point S10.1859
Daily Pivot Point S20.1789
Daily Pivot Point S30.1719
Daily Pivot Point R10.1999
Daily Pivot Point R20.2069
Daily Pivot Point R30.2139

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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