XRP/USD Technical Analysis: Ripple makes a new wave low

Ripple has been making consistent lower highs and lower lows since late June.
XRP/USD has pushed to hit a low of 0.2014 and found buys ahead of the psychological 0.2000 level.

Rajan Dhall, MSTA FX Daily

XRP/USD Price Chart

Ripple has pushed lower earlier in the session but found bids ahead of 0.2000.

Now the price trades 0.33% higher at 0.2216. This is a far cry from the 0.5000 back in June.

The next resistance level is at the psychological 0.2500 area and was used three times recently.

If the daily candle closes anywhere near or above where we are now then the bulls could get excited.

Additional Levels

XRP/USD

Overview
Today last price	0.2215
Today Daily Change	0.0005
Today Daily Change %	0.23
Today daily open	0.221

Trends
Daily SMA20	0.2668
Daily SMA50	0.2775
Daily SMA100	0.2706
Daily SMA200	0.321

Levels
Previous Daily High	0.2356
Previous Daily Low	0.2194
Previous Weekly High	0.2665
Previous Weekly Low	0.2223
Previous Monthly High	0.315
Previous Monthly Low	0.2425
Daily Fibonacci 38.2%	0.2256
Daily Fibonacci 61.8%	0.2294
Daily Pivot Point S1	0.215
Daily Pivot Point S2	0.2091
Daily Pivot Point S3	0.1987
Daily Pivot Point R1	0.2313
Daily Pivot Point R2	0.2416
Daily Pivot Point R3	0.2475

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

Ripple technical weakness persists as selling intensifies toward $1.00

Ripple grinds lower, trading around $1.10 at the time of writing on Wednesday. The sticky bearish outlook mirrors the broader crypto market, with major coins such as Bitcoin and Ethereum facing weak demand as investors de-risk.

Crypto Today: Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

Bitcoin Price Forecast: Sticky inflation fears threaten deeper sell-off in BTC

Bitcoin extends its decline on Wednesday, trading below $61,500 at the time of writing as renewed US-Iran tensions keep the risk sentiment capped. In addition, persistent capital outflows from US-listed spot Exchange Traded Funds continue to fuel selling pressure on BTC.

Pi Network extends decline as CEX outflows fail to offset bearish pressure

Pi Network edges lower on Wednesday, extending its third consecutive day of losses. The technical outlook for PI is largely bearish, with a risk of a steeper correction below $0.1184.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

XRP/USD Price Chart

Additional Levels

XRP/USD

Legal Text

Editor's Picks