• XRP/USD has broken the trendline to the downside but the price is still in a technical uptrend.
  • The 0.2821 support level is a strong one and has held firm in the past.

 

XRP/USD has been one of the darlings of the crypto market over the last few weeks rising 9.42% since 24th September.

The 0.3000 resistance level is proving to be a tough nut to crack for the bulls and if the XRP/USD is to push higher it needs to break the psychological level,

The relative strength index (RSI) is showing signs of a momentum drop off as the price made high highs the indicator made lower highs. 

At the moment, on the four-hour chart, the candlesticks are showing signs of indecision as they are forming Doji candles. 

Also, the trendline broke lower on 20th October. This proved to be a false break as the XRP/USD price moved back above the trendline.

Subsequently, the price broke back below and is now retesting the trendline which could indicate there might be a move lower on the cards.

For now, the main resistance is 0.3038 and the key support lies at 0.2821.

Ripple Analysis

XRP/USD

Overview
Today last price 0.292
Today Daily Change -0.0027
Today Daily Change % -0.92
Today daily open 0.2947
 
Trends
Daily SMA20 0.2726
Daily SMA50 0.2666
Daily SMA100  0.2825
Daily SMA200 0.3289
 
Levels
Previous Daily High 0.2972
Previous Daily Low 0.2819
Previous Weekly High  0.3041
Previous Weekly Low 0.2718
Previous Monthly High 0.327
Previous Monthly Low 0.2168
Daily Fibonacci 38.2% 0.2914
Daily Fibonacci 61.8% 0.2878
Daily Pivot Point S1 0.2854
Daily Pivot Point S2 0.276
Daily Pivot Point S3 0.2701
Daily Pivot Point R1 0.3006
Daily Pivot Point R2 0.3065
Daily Pivot Point R3 0.3159

 

 

All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Chainlink price could surprise LINK holders, as it prepares for staking on Ethereum

Chainlink price could surprise LINK holders, as it prepares for staking on Ethereum

Chainlink is eyeing gains ahead of its staking launch on Ethereum mainnet in December. Staking is a core initiative of Chainlink Economics 2.0, a new program offering LINK holders the opportunity to earn rewards. 

More Chainlink News

Sam Bankman-Fried says FTX US is fully solvent, withdrawals could open today

Sam Bankman-Fried says FTX US is fully solvent, withdrawals could open today

Sam Bankman-Fried, popularly known as SBF, told New York Times’ Andrew Ross Sorkin that FTX US customers could be made whole soon. SBF claims that these entities: FTX US and FTX US derivatives, could be “up and running soon.”

More Cryptocurrencies News

XRP is highly undervalued and whales are accumulating, here’s what you should do

XRP is highly undervalued and whales are accumulating, here’s what you should do

Ripple (XRP) price shows a lack of volatility as it sits above a crucial support level that could make or break its short-term future. A spike in buying pressure is what the remittance token needs to kick-start its run-up.

More Ripple News

TRON price faces major resistance at these levels, is a sucker's rally underway?

TRON price faces major resistance at these levels, is a sucker's rally underway?

TRON price (TRX) has retaliated considerably against the bearish onslaught in November. Despite the optimistic gesture, TRX price still faces significant barriers of resistance.

More Tron News

Bitcoin: Assessing chances of one last bear market rally for 2022

Bitcoin: Assessing chances of one last bear market rally for 2022

BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

Read full analysis

BTC

ETH

XRP