XRP Price Analysis: XRP/USD narrowing range remains a large risk to the downside


  • XRP price is trading in negative territory, with losses of some 1.95% on Wednesday.
  • XRP/USD is moving within a bearish flag, firmly presenting the risk of a drop south. 
  • Key support should be noted around the $0.1400 mark, failure to hold would be punishing. 

XRP/USD daily chart

The price has been moving within a bearish flag since 13 March, as it consolidates.  

XRP/USD 60-minute chart

Price action has breached a narrowing range block formation, making XRP vulnerable to further downside moves. 

Spot rate:                   0.1596

Relative change:       -1.95%

High:                          0.1659

Low:                           0.1573

XRP/USD

Overview
Today last price 0.1597
Today Daily Change -0.0032
Today Daily Change % -1.96
Today daily open 0.1629
 
Trends
Daily SMA20 0.177
Daily SMA50 0.2338
Daily SMA100 0.2238
Daily SMA200 0.2426
 
Levels
Previous Daily High 0.1637
Previous Daily Low 0.1588
Previous Weekly High 0.1756
Previous Weekly Low 0.1283
Previous Monthly High 0.3467
Previous Monthly Low 0.2245
Daily Fibonacci 38.2% 0.1618
Daily Fibonacci 61.8% 0.1607
Daily Pivot Point S1 0.1599
Daily Pivot Point S2 0.1569
Daily Pivot Point S3 0.155
Daily Pivot Point R1 0.1649
Daily Pivot Point R2 0.1668
Daily Pivot Point R3 0.1698

 

 

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