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

XRP Price Analysis: XRP/USD now a fast $0.2500 return is eyed

  • XRP price is trading in positive territory, with gains of some 3.60% on Wednesday.
  • XRP/USD now has room for a fast return into $0.2500 following the $0.2000 reclaim.
  • Given the psychological $0.2000 breach, buyer confidence has very much been restored. 
XRP Price Analysis: XRP/USD now a fast $0.2500 return is eyed
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

The bulls enjoyed a chunky run to the upside on Tuesday, smashing above $0.2000, which has set the price up for greater moves north. Barrier now eyed at; $0.2500, $0.2800 and then $0.3000. 

XRP/USD 60-minute chart

Price action via the 60-minute chart view is narrowing, having formed a bullish pennant structure, inviting further buying pressure. 

Spot rate:                   0.2223

Relative change:       +3.60%

High:                          0.2250

Low:                          0.2128

XRP/USD

Overview
Today last price0.2224
Today Daily Change0.0078
Today Daily Change %3.63
Today daily open0.2146
 
Trends
Daily SMA200.1914
Daily SMA500.1783
Daily SMA1000.2174
Daily SMA2000.2292
 
Levels
Previous Daily High0.2182
Previous Daily Low0.1948
Previous Weekly High0.1999
Previous Weekly Low0.1784
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.2093
Daily Fibonacci 61.8%0.2037
Daily Pivot Point S10.2002
Daily Pivot Point S20.1857
Daily Pivot Point S30.1767
Daily Pivot Point R10.2236
Daily Pivot Point R20.2326
Daily Pivot Point R30.2471

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

XRP retreats as ETF interest cools

XRP retreats as ETF interest cools

Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Crypto Today: Bitcoin, Ethereum, XRP pare losses as breakout potential builds

Crypto Today: Bitcoin, Ethereum, XRP pare losses as breakout potential builds

Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows. Ripple (XRP), on the other hand, holds above the pivotal $1.10, with its upside structurally constrained below $1.15.
Bitcoin Weekly Forecast: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin Weekly Forecast: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.
Crypto shrugs off a stronger Dollar

Crypto shrugs off a stronger Dollar

Cryptocurrencies have been affected by jitters in traditional financial markets, losing 0.8% of their market capitalisation over the past 24 hours to $2.23T, dipping to a low of $2.21T at the start of active trading in Asia.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.