XRP/USD critical demand zone in play $0.3500-0.3400, a break will call upon $0.3000

  • Ripple’s XRP is being hammered on Thursday, down a big 6.7% in the mid-part of the session.
  • XRP/USD after being part of a market wide bear attack, remains vulnerable to further downside risks. 

XRP/USD 15-minute chart

  • XRP/USD price action consolidating around session lows for now, subject to further downside risks. 



Spot rate:                  0.3460

Relative change:      -1.83%

High:                         0.3906

Low:                          0.3412


Trend:                        Neutral


Support 1:                  0.3642, daily pivot point support.

Support 2:                  0.3566, daily pivot point support.

Support 3:                  0.3508, daily pivot point support.

Resistance 1:             0.3776, daily pivot point resistance.

Resistance 2:             0.3835, daily pivot point resistance.

Resistance 3:             0.3911, daily pivot point resistance.


XRP/USD 4-hour chart

  • Price action is being heavily supported by a demand zone seen tracking from $0.3400-0.3300 This has been in play since mid-December. 

XRP/USD daily chart

  • Over the daily time frame, XRP/USD is stuck within a range-block formation.

Mycryptonext.com is a completely independent publication covering cryptocurrency, the Blockchain, decentralized applications, the Internet of finance and the next generation Portal. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community. The world of digital currencies flourishes with the greater fervor with each passing day. With an increasing number of businesses, entrepreneurs, startups and consumers adopting this technology, we are proud to spend every day at work and play increasing awareness of the many intricacies and advantages offered by these innovations. About one thing we are certain: it is increasingly important to educate oneself in and be aware of new financial and technological innovations.

Be the first to comment

Leave a Reply

Your email address will not be published.