|

Ripple Technical Analysis: XRP/USD consolidates above the $0.275-level

  • XRP/USD bears have stayed in control for the second straight day.
  • XRP/USD fell below the pennant formation following Tuesday’s bearish price action.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears have strayed in control of the market for two straight days. The price has dropped from $0.2765 to $0.2753 as it keeps trending in the lower half of the 20-day Bollinger Band. The Elliott Oscillator has had nine consecutive, which indicates that the overall market sentiment is bearish.

As per the daily price chart, there are three strong resistance levels at $0.287, $0.2912 (SMA 20) and $0.3024. On the downside, we have three healthy support levels at $0.259, $0.254 (SMA 50) and $0.245.

Key levels

XRP/USD

Overview
Today last price0.276
Today Daily Change-0.0005
Today Daily Change %-0.18
Today daily open0.2765
 
Trends
Daily SMA200.2928
Daily SMA500.2515
Daily SMA1000.222
Daily SMA2000.2164
 
Levels
Previous Daily High0.2898
Previous Daily Low0.2708
Previous Weekly High0.328
Previous Weekly Low0.2773
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.2781
Daily Fibonacci 61.8%0.2826
Daily Pivot Point S10.2683
Daily Pivot Point S20.2601
Daily Pivot Point S30.2493
Daily Pivot Point R10.2873
Daily Pivot Point R20.2981
Daily Pivot Point R30.3063


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.