XRP/USD technical analysis: Ripple takes a massive dive below the 0.4000 figure

XRP/USD daily chart

XRP/USD is correcting the bullish breakout the market had earlier in the week. 

XRP/USD 4-hour chart

XRP/USD is in consolidation mode above its main simple moving averages (SMAs). 

XRP/USD 30-minute chart

Ripple is trading below its main SMAs suggesting a bearish bias in the short term. The market is seen consolidating in the 0.3600 -0.4000 range. If bears can break 0.3600 then support is seen at 0.3400 and the 0.3200 price levels. Resistance is at 0.4000, 0.4200 and the 0.4400 levels.   

Additional key levels


Today last price 0.3779
Today Daily Change -0.0414
Today Daily Change % -9.87
Today daily open 0.4193
Daily SMA20 0.3239
Daily SMA50 0.3272
Daily SMA100 0.3202
Daily SMA200 0.3483
Previous Daily High 0.4716
Previous Daily Low 0.3942
Previous Weekly High 0.3107
Previous Weekly Low 0.2917
Previous Monthly High 0.3803
Previous Monthly Low 0.2827
Daily Fibonacci 38.2% 0.4238
Daily Fibonacci 61.8% 0.442
Daily Pivot Point S1 0.3852
Daily Pivot Point S2 0.351
Daily Pivot Point S3 0.3078
Daily Pivot Point R1 0.4625
Daily Pivot Point R2 0.5057
Daily Pivot Point R3 0.5398




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