XRP/USD another wave of buying pressure eyed above $0.3500

Fibo Quantum

  • Ripple’s XRP price on Friday is seen holding very minor gains of 0.25% in the second half.
  • XRP/USD struggling to find enough momentum to take it beyond $0.35-0.36 range. 


Spot rate:               0.3229  

Relative change:    +0.25%

High:                       0.3258

Low:                        0.3170


Trend:                      Neutral


    Daily SMA20: 0.3077
    Daily SMA50: 0.3217
    Daily SMA100: 0.3483
    Daily SMA200: 0.3789
    Previous Daily High: 0.3353
    Previous Daily Low: 0.3183
    Previous Weekly High: 0.3136
    Previous Weekly Low: 0.2971
    Previous Monthly High: 0.3906
    Previous Monthly Low: 0.2833
    Daily Fibonacci 38.2%: 0.3248
    Daily Fibonacci 61.8%: 0.3288
    Daily Pivot Point S1: 0.3151
    Daily Pivot Point S2: 0.3082
    Daily Pivot Point S3: 0.2981
    Daily Pivot Point R1: 0.3321
    Daily Pivot Point R2: 0.3422
    Daily Pivot Point R3: 0.3491


image.gifXRP/USD 60-minute chart
  • Near-term price action via the 60-minute view is moving within somewhat of a bearish flag pattern. 

XRP/USD daily chart

  • Price struggling to break back above the $0.35-0.36 range, has not been above since 10th January.