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.

Ken Chigbo Independent 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 price	0.1893
Today Daily Change	-0.0016
Today Daily Change %	-0.84
Today daily open	0.1909

Trends
Daily SMA20	0.1842
Daily SMA50	0.1875
Daily SMA100	0.221
Daily SMA200	0.2331

Levels
Previous Daily High	0.1933
Previous Daily Low	0.1741
Previous Weekly High	0.2053
Previous Weekly Low	0.1767
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.186
Daily Fibonacci 61.8%	0.1814
Daily Pivot Point S1	0.1789
Daily Pivot Point S2	0.1669
Daily Pivot Point S3	0.1598
Daily Pivot Point R1	0.1981
Daily Pivot Point R2	0.2052
Daily Pivot Point R3	0.2172

Author

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