XRP/USD remains subject to further chunky buying pressure

Fibo Quantum

  • Ripple’s XRP price was trading up within gains of some 0.85% in the second half on Friday.
  • XRP/USD price action has done little within the past 10 weeks, narrowing as each week goes on. 

Spot rate:                 0.3167

Relative change:      +0.85%

High:                        0.3182

Low:                         0.3133

    Daily SMA20: 0.316
    Daily SMA50: 0.3115
    Daily SMA100: 0.3262
    Daily SMA200: 0.3775
    Previous Daily High: 0.319
    Previous Daily Low: 0.3001
    Previous Weekly High: 0.3236
    Previous Weekly Low: 0.3011
    Previous Monthly High: 0.3505
    Previous Monthly Low: 0.2879
    Daily Fibonacci 38.2%: 0.3073
    Daily Fibonacci 61.8%: 0.3118
    Daily Pivot Point S1: 0.3031
    Daily Pivot Point S2: 0.2922
    Daily Pivot Point S3: 0.2842
    Daily Pivot Point R1: 0.322
    Daily Pivot Point R2: 0.3300
    Daily Pivot Point R3: 0.3409

XRP/USD 60-minute chart

  • XRP/USD via the 60-minute view smashed out from a bullish flag formation and ran into sellers up within $0.3200 region. 

XRP/USD daily chart

  • Price action remains within the confinements of an ascending channel formation. 
  • A range-block formation can be observed via the daily, as price action narrows greatly.