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Ripple's XRP Technical Analysis: XRP/USD heading back for $0.3000

  • Ripple's XRP price on Thursday was hammered, trading down a chunky 6.45% in the second half of the day.
  • XRP/USD bears took full control which had initially taken place in the back end of Wednesday's session. 
  • Given the current downside momentum, eyes are once again locked on the big $0.3000.  
Ripple's XRP Technical Analysis: XRP/USD heading back for $0.3000
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  0.3301

Relative change:      -6.45%

High:                         0.3541

Low:                          0.3227

XRP/USD

Overview
Today last price0.33
Today Daily Change-0.0237
Today Daily Change %-6.70
Today daily open0.3537
 
Trends
Daily SMA200.3289
Daily SMA500.322
Daily SMA1000.3226
Daily SMA2000.3783
Levels
Previous Daily High0.3618
Previous Daily Low0.3476
Previous Weekly High0.3803
Previous Weekly Low0.3097
Previous Monthly High0.3276
Previous Monthly Low0.287
Daily Fibonacci 38.2%0.3564
Daily Fibonacci 61.8%0.353
Daily Pivot Point S10.347
Daily Pivot Point S20.3402
Daily Pivot Point S30.3328
Daily Pivot Point R10.3611
Daily Pivot Point R20.3685
Daily Pivot Point R30.3753

XRP/USD 60-minute chart

  • Bears are testing a huge near-term demand area of support tracking around $0.3300. A breach could see a retest of $0.3000. 

XRP/USD daily chart

  • Bulls lost full control after losing ground and momentum as they tried to reclaim $0.4000. 

Author

Ken Chigbo

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.

More from Ken Chigbo
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