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XRP Price Analysis: XRP/USD near-term bearish flag at risk of sparking another drop

  • XRP price is trading in positive territory, with gains of some 1.70% on Wednesday.
  • XRP/USD price action is narrowing, subject to an explosive breakout. 
  • The price remains within a critical range, upside barrier at $0.2000, support at $0.1800.
XRP Price Analysis: XRP/USD near-term bearish flag at risk of sparking another drop
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

Price action over the last two weeks has offered nothing but a tight range, between $0.1800-0.2000. 

XRP/USD 60-minute chart

Price action is moving within a bearish flag structure via the 60-minute chart view, at risk of another breakout south. 


 

Spot rate:                   0.1870

Relative change:       +1.20%

High:                          0.1864

Low:                           0.1821

XRP/USD

Overview
Today last price0.1858
Today Daily Change0.0022
Today Daily Change %1.20
Today daily open0.1836
 
Trends
Daily SMA200.1882
Daily SMA500.1829
Daily SMA1000.2199
Daily SMA2000.2316
 
Levels
Previous Daily High0.1867
Previous Daily Low0.1814
Previous Weekly High0.1962
Previous Weekly Low0.1741
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1847
Daily Fibonacci 61.8%0.1834
Daily Pivot Point S10.1811
Daily Pivot Point S20.1786
Daily Pivot Point S30.1758
Daily Pivot Point R10.1864
Daily Pivot Point R20.1892
Daily Pivot Point R30.1917

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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