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XRP Price Analysis: XRP/USD pressure is back on after unsustainable aggressiver spike

  • XRP price is trading in negative territory, with losses of some 1.70% on Friday.
  • XRP/USD bulls have struggled to break down supply ahead of the big $0.20 level. 
  • The price remains at risk of reversing the phenomenal gains of Thursday. 
XRP Price Analysis: XRP/USD pressure is back on after unsustainable aggressiver spike
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

The price retested and has so far been dealt with rejection, following a daily flag retest. 

XRP/USD 60-minute chart

The bulls are failing to break down the chunky area of supply running into the early $0.19 price region.

Spot rate:                   0.1890

Relative change:       -0.90%

High:                          0.1918

Low:                           0.1864

XRP/USD

Overview
Today last price0.1893
Today Daily Change-0.0016
Today Daily Change %-0.84
Today daily open0.1909
 
Trends
Daily SMA200.1842
Daily SMA500.1875
Daily SMA1000.221
Daily SMA2000.2331
 
Levels
Previous Daily High0.1933
Previous Daily Low0.1741
Previous Weekly High0.2053
Previous Weekly Low0.1767
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.186
Daily Fibonacci 61.8%0.1814
Daily Pivot Point S10.1789
Daily Pivot Point S20.1669
Daily Pivot Point S30.1598
Daily Pivot Point R10.1981
Daily Pivot Point R20.2052
Daily Pivot Point R30.2172

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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