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1 July 2022
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Ripple Technical Analysis: XRP looks south, 100-DMA guards the immediate downside


  • XRP/USD returns to the red after rejection again above 0.2450.
  • Daily RSI has edged lower while within the bearish region.
  • 100-DMA to test bears’ commitment after Saturday’s Doji candlestick.

Having faltered once again above 0.2450 this Sunday, Ripple (XRP/USD) snaps a three-day recovery momentum, as the coin battles 0.2400 amid the downbeat mood across the crypto board.

The XRP sellers returned after the price formed a Doji candlestick on the daily chart on Saturday, suggesting that the recovery from two-month lows of 0.2197 seems to have lost traction.

Backing the case for additional losses, the spot has failed to secure a sustained break above the horizontal 21-day Simple Moving Average (DMA), now at 0.2416 while the 14-day Relative Strength Index (RSI) points south within the bearish territory.

Therefore, the bears need a daily closing below the 100-DMA support at 0.2392 to negate the bullish reversal.

The next downside target sits at the two-month lows just below the 0.2200 level. Further south, the horizontal 200-DMA at 0.2148 will be the last straw for the XRP bulls.

To the upside, the buyers could target the September 19 high at 0.2585 before taking on the downward-sloping 50-DMA barrier at 0.2648.

XRP/USD: Daily chart

fxsoriginal

XRP/USD: Additional levels to consider

XRP/USD

OVERVIEW
Today last price 0.2402
Today Daily Change -0.0014
Today Daily Change % -0.58
Today daily open 0.2418
TRENDS
Daily SMA20 0.2417
Daily SMA50 0.2659
Daily SMA100 0.2387
Daily SMA200 0.2147
LEVELS
Previous Daily High 0.2458
Previous Daily Low 0.2381
Previous Weekly High 0.2514
Previous Weekly Low 0.2197
Previous Monthly High 0.328
Previous Monthly Low 0.2485
Daily Fibonacci 38.2% 0.2429
Daily Fibonacci 61.8% 0.241
Daily Pivot Point S1 0.238
Daily Pivot Point S2 0.2341
Daily Pivot Point S3 0.2302
Daily Pivot Point R1 0.2458
Daily Pivot Point R2 0.2497
Daily Pivot Point R3 0.2535

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