• Ripple bears keep the reins for third consecutive day.
  • 50-day SMA, six-week-old ascending trend line test sellers.
  • Bulls need to overcome the $0.5000 level for conviction.

Ripple sellers are dominant for the third day in line as the XRP/USD quote refreshes intraday low with $0.4468 level, currently down 0.95% near $0.4480, during early Friday.

Failures to cross the $0.5000 threshold join bearish MACD and neutral impression from the RSI line to keep the XRP/USD bears hopeful.

However, a clear break below an ascending trend line from January 27, currently around $0.4400, needs to be printed on the chart to confirm further downside. Meanwhile, a 50-day SMA level of $0.4460 offers immediate support to the quote.

In a case where XRP/USD drops below the $0.4400 support line, lows marked during February around $0.3930 and $0.3650 can entertain the sellers ahead of challenging them with a confluence of 200-day SMA and an ascending trend line from December 29, 2020.

On the contrary, the monthly high near $0.4950 guards immediate upside ahead of the $0.5000 hurdle, a break of which will recall the XRP/USD bulls targeting the $0.5800 area.

XRP/USD daily chart

Trend: Bearish

Additional important levels

Overview
Today last price 0.4475
Today Daily Change -0.0049
Today Daily Change % -1.08%
Today daily open 0.4524
 
Trends
Daily SMA20 0.4677
Daily SMA50 0.4424
Daily SMA100 0.4179
Daily SMA200 0.354
 
Levels
Previous Daily High 0.4645
Previous Daily Low 0.44
Previous Weekly High 0.4945
Previous Weekly Low 0.3934
Previous Monthly High 0.7565
Previous Monthly Low 0.3406
Daily Fibonacci 38.2% 0.4493
Daily Fibonacci 61.8% 0.4551
Daily Pivot Point S1 0.4401
Daily Pivot Point S2 0.4278
Daily Pivot Point S3 0.4156
Daily Pivot Point R1 0.4646
Daily Pivot Point R2 0.4768
Daily Pivot Point R3 0.4891

 

 


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

IRS says crypto staking should be taxed in response to lawsuit

IRS says crypto staking should be taxed in response to lawsuit

The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.

More Cryptocurrencies News
Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.

More Solana News
Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.

More Ethereum News
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election. 

More Cryptocurrencies News
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP