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XRP Price Analysis: XRP/USD is bears smash through critical $0.2650 support

  • XRP price is trading in negative territory, with losses of some 3.70% on Tuesday.
  • XRP/USD is heading for a second consecutive session in the red. 
  • The 2020 run of gains remains at risk of reversal, given critical support areas being tested. 
XRP Price Analysis: XRP/USD is bears smash through critical $0.2650 support
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

Daily support areas are eyed at; $0.2500, $0.2200 and then $0.2000.

XRP/USD 60-minute chart 

The bears smashed through critical support area the $0.2650-0.2600 price range, inviting a fresh wave of selling pressure. 

Spot rate:                  0.2565

Relative change:      -3.20%

High:                          0.2710

Low:                           0.2559

XRP/USD

Overview
Today last price0.2549
Today Daily Change-0.0157
Today Daily Change %-5.80
Today daily open0.2706
 
Trends
Daily SMA200.288
Daily SMA500.2535
Daily SMA1000.2334
Daily SMA2000.2541
 
Levels
Previous Daily High0.2852
Previous Daily Low0.2641
Previous Weekly High0.3187
Previous Weekly Low0.2615
Previous Monthly High0.254
Previous Monthly Low0.1846
Daily Fibonacci 38.2%0.2721
Daily Fibonacci 61.8%0.2771
Daily Pivot Point S10.2614
Daily Pivot Point S20.2522
Daily Pivot Point S30.2403
Daily Pivot Point R10.2825
Daily Pivot Point R20.2944
Daily Pivot Point R30.3036

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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