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Ripple's XRP Technical Analysis: XRP/USD big barrier at $0.3500

Ripple's XRP price on Thursday is trading in very minor positive territory up some 0.50%.
XRP/USD bulls are capped to the upside by resistance seen at $0.3500.
Looking further to the north, chunky supply can be observed heading into the $0.4000.

Ken Chigbo Independent Analyst

Spot rate: 0.3389

Relative change: +0.50%

High: 0.3491

Low: 0.3213

XRP/USD

Overview
Today last price	0.3403
Today Daily Change	0.0034
Today Daily Change %	1.01
Today daily open	0.3369

Trends
Daily SMA20	0.3358
Daily SMA50	0.3225
Daily SMA100	0.3199
Daily SMA200	0.371

Levels
Previous Daily High	0.3427
Previous Daily Low	0.3214
Previous Weekly High	0.3715
Previous Weekly Low	0.3178
Previous Monthly High	0.3276
Previous Monthly Low	0.287
Daily Fibonacci 38.2%	0.3346
Daily Fibonacci 61.8%	0.3295
Daily Pivot Point S1	0.3246
Daily Pivot Point S2	0.3123
Daily Pivot Point S3	0.3032
Daily Pivot Point R1	0.3459
Daily Pivot Point R2	0.355
Daily Pivot Point R3	0.3673

XRP/USD 60-minute chart

Price action via the 60-minute formed somewhat of a bearish evening / shooting star, rejection at $0.3500.

XRP/USD daily chart

A big barrier to the upside can be seen at $0.3500, a break here should open the door for a retest up towards the $0.4000 area.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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XRP/USD

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