Ripple Price Analysis: XRP bears eye December low on downside break of short-term triangle


  • XRP/USD bounces off two-week low amid oversold RSI conditions.
  • Sustained trading below 200-bar SMA, bearish confirmation from immediate chart pattern favor sellers.
  • Bulls need to cross Christmas top to retake the controls.

XRP/USD bounces off 0.2400 threshold to currently around 0.2550 during early Friday. Even so, the altcoin stays near the lowest since January 06 while keeping the recent downside break of a symmetrical triangle established since January 10.

Although nearly oversold RSI conditions favor the latest short-covering, XRP/USD bears remain hopeful unless the quote bounces back beyond the stated triangle’s support line, at 0.2670 now.

Even if the XRP/USD prices manage to cross 0.2670, the 200-bar SMA near 0.3000 and the triangle resistance around 0.3180 will challenge the bulls.

Furthermore, the quote’s sustained upside past-0.3180 will eye for the December 25 top near 0.3850, a break of which will confirm the XRP/USD run-up beyond the 0.4000 mark.

Alternatively, multiple supports around 0.2150 can offer immediate rest to the XRP/USD sellers. Also likely to rest the bears ahead of the previous month’s low of 0.1719 will be the 0.2000 threshold.

It should, however, be noted that the crypto pair’s sustained trading below 0.1719 will need validation from the June 2020 low of 0.1690 for further downside.

XRP/USD four-hour chart

Trend: Bearish

Additional important levels

Overview
Today last price 0.2523
Today Daily Change -0.0155
Today Daily Change % -5.79%
Today daily open 0.2678
 
Trends
Daily SMA20 0.2802
Daily SMA50 0.3861
Daily SMA100 0.3614
Daily SMA200 0.3057
 
Levels
Previous Daily High 0.308
Previous Daily Low 0.2596
Previous Weekly High 0.3685
Previous Weekly Low 0.2526
Previous Monthly High 0.6817
Previous Monthly Low 0.1719
Daily Fibonacci 38.2% 0.2781
Daily Fibonacci 61.8% 0.2895
Daily Pivot Point S1 0.2489
Daily Pivot Point S2 0.2301
Daily Pivot Point S3 0.2005
Daily Pivot Point R1 0.2973
Daily Pivot Point R2 0.3269
Daily Pivot Point R3 0.3457

 

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.

More Cryptocurrencies News
US SEC may declare XRP a 'commodity' as Ripple settlement talks begins

US SEC may declare XRP a 'commodity' as Ripple settlement talks begins

The US SEC is considering declaring XRP as a commodity in the ongoing settlement talks with Ripple Labs. FOX News reports suggest Ethereum's regulatory status remains a key reference for XRP’s litigation verdict.

More Ripple News
Cardano Price Prediction: ADA could hit $0.50 despite high probability of US Fed rate pause

Cardano Price Prediction: ADA could hit $0.50 despite high probability of US Fed rate pause

Cardano price stabilized above $0.70 after posting another 5% decline in its 3rd consecutive losing day. Multiple ADA derivatives trading signals are leaning bullish, but the US trade war impact outweighs the positive shift in inflation indices. 

More Cardano News
Stablecoin regulatory bill receives green light during Banking Committee hearing

Stablecoin regulatory bill receives green light during Banking Committee hearing

The US Senate Banking Committee voted on Thursday to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to establish proper regulations for stablecoin payments in the country.

More Cryptocurrencies News
Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation

Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation

Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP