TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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.

More from Ken Chigbo
Share:

Editor's Picks

Pi Network extends consolidation as bulls eye $0.10

Pi Network extends consolidation as bulls eye $0.10

Pi Network price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases.

Bitcoin Weekly Forecast: Hormuz uncertainty clouds BTC outlook

Bitcoin Weekly Forecast: Hormuz uncertainty clouds BTC outlook

Bitcoin trades around $62,900 on Friday, down over 3% so far this week, but signs of stabilization are emerging. Tensions in the Strait of Hormuz are keeping Oil prices and the war-risk premium elevated, supporting the US Dollar and weighing on BTC.

Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

Bitcoin trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum and Ripple also take a bearish path, risking a drop below the 50-day Exponential Moving Average at $1,856 and the $1.00 psychological support, respectively.

Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout

Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout

Bitcoin SV (BSV) is up nearly 2% on Friday, extending a steady upward trend over the last two weeks. Retail strength builds in BSV amid multiple vulnerabilities found in the Bitcoin ecosystem.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.