Ripple Technical Analysis: XRP/USD suffers a mild dip below $0.30

XRP/USD is currently trading at $0.299 after a drop from $0.319.
XRP remains in a robust daily uptrend and welcomes some consolidation.

Lorenzo Stroe Independent Analyst

XRP has been a lagger but finally got a breakout of its own and it’s now way above any daily EMA’s.

XRP/USD daily chart

The 12-EMA is currently located at $0.261 while the 26-EMA is at $0.235, both EMAs should serve as support levels in case XRP fails to hold $0.30 for an extended period of time. There aren’t many resistance levels until $0.346, the 2020-high.

XRP/USD technical indicators

XRP/USD

Overview
Today last price	0.2989
Today Daily Change	-0.0112
Today Daily Change %	-3.61
Today daily open	0.3101

Trends
Daily SMA20	0.226
Daily SMA50	0.2029
Daily SMA100	0.2034
Daily SMA200	0.2109

Levels
Previous Daily High	0.3199
Previous Daily Low	0.284
Previous Weekly High	0.2608
Previous Weekly Low	0.2095
Previous Monthly High	0.2608
Previous Monthly Low	0.1729
Daily Fibonacci 38.2%	0.3062
Daily Fibonacci 61.8%	0.2977
Daily Pivot Point S1	0.2894
Daily Pivot Point S2	0.2688
Daily Pivot Point S3	0.2536
Daily Pivot Point R1	0.3253
Daily Pivot Point R2	0.3405
Daily Pivot Point R3	0.3612

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.