Ripple Price forecast: XRP flirts with the 55 daily EMA once again

XRP/USD trades half a percent lower on Tuesday as general crypto sentiment remains weak.
The 0.18 psychological level could be in focus once again if the EMA breaks.

XRP/USD daily chart

XRP/USD has moved lower on Tuesday and the price is now testing the 55 exponential moving average (EMA) once again. Historically looking at the chart, the 55 EMA has been respected on a few occasions.

If the daily candle does closer lower on the session then the 0.18 support zone could be retested again. During December the market hit the aforementioned support level and the price moved higher with dramatic effect.

Between current levels and the 0.18 support zone, the 200 simple moving average could also provide some support so keep an eye there. Lastly, the two back trendlines on the chart could also provide some clarity. If the trendline on the downside does get taken out then it would be another sign that lower levels are on the cards.

Additional levels

XRP/USD

Overview
Today last price	0.2043
Today Daily Change	-0.0010
Today Daily Change %	-0.49
Today daily open	0.2053

Trends
Daily SMA20	0.2099
Daily SMA50	0.1972
Daily SMA100	0.2101
Daily SMA200	0.2214

Levels
Previous Daily High	0.208
Previous Daily Low	0.2012
Previous Weekly High	0.2162
Previous Weekly Low	0.178
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.2054
Daily Fibonacci 61.8%	0.2038
Daily Pivot Point S1	0.2016
Daily Pivot Point S2	0.198
Daily Pivot Point S3	0.1948
Daily Pivot Point R1	0.2085
Daily Pivot Point R2	0.2117
Daily Pivot Point R3	0.2154

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