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Ripple

Ripple technical analysis: XRP/USD keeps crawling along horizontally

  • XRP/USD went down from $0.262 to $0.261 so far this Tuesday.
  • The SMA 20 curve acts as immediate market support.

XRP/USD daily chart

fxsoriginal

XRP/USD daily price keeps trending along horizontally. The price has gone down so far from $0.262 to $0.261 this Tuesday. The 200-day simple moving average (SMA 200) and SMA 50 curves are trending above the XRP/USD price. The SMA 20 curve acts as immediate market support. 

XRP/USD 4-hour chart

fxsoriginal

The 4-hour XRP/USD is consolidating within a triangle formation. The price broke above the red Ichimoku cloud. The SMA 200 acts as market resistance while trending above the SMA 50 and SMA 20 curves. The Elliott oscillator shows 11 straight bearish sessions.

XRP/USD hourly chart

fxsoriginal

The hourly XRP/USD chart is trending in a downward channel formation. The narrowing of the 20-day Bollinger jaw shows decreasing market volatility. The latest price session has dropped below the SMA 50 curve, while it above the SMA 200 and SMA 20 curves. The relative strength index (RSI) indicator is trending around 50.

Key Levels

XRP/USD

OVERVIEW
Today last price0.2607
Today Daily Change-0.0010
Today Daily Change %-0.38
Today daily open0.2617
TRENDS
Daily SMA200.2583
Daily SMA500.2783
Daily SMA1000.3298
Daily SMA2000.3362
LEVELS
Previous Daily High0.2637
Previous Daily Low0.2569
Previous Weekly High0.2665
Previous Weekly Low0.2511
Previous Monthly High0.3308
Previous Monthly Low0.2392
Daily Fibonacci 38.2%0.2611
Daily Fibonacci 61.8%0.2595
Daily Pivot Point S10.2578
Daily Pivot Point S20.254
Daily Pivot Point S30.251
Daily Pivot Point R10.2646
Daily Pivot Point R20.2676
Daily Pivot Point R30.2715

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