• Ripple’s XRP price returned under pressure on Monday, nursing losses of 0.80% at the start of the week. 
  • XRP/USD sees a critical daily ascending trend line supporting the price, preventing the sellers piling in. 
  • The bulls cannot progress unless the chunky area of supply is broken down from $0.3400-0.3600 range. 

 

Spot rate:                 0.31190

Relative change:      -0.80%

High:                         0.3160

Low:                          0.3091

 

Trends:
    Daily SMA20: 0.3185
    Daily SMA50: 0.312
    Daily SMA100: 0.3282
    Daily SMA200: 0.3778
Levels:
    Previous Daily High: 0.32
    Previous Daily Low: 0.311
    Previous Weekly High: 0.3236
    Previous Weekly Low: 0.3011
    Previous Monthly High: 0.3505
    Previous Monthly Low: 0.2879
    Daily Fibonacci 38.2%: 0.3144
    Daily Fibonacci 61.8%: 0.3166
    Daily Pivot Point S1: 0.3105
    Daily Pivot Point S2: 0.3063
    Daily Pivot Point S3: 0.3015
    Daily Pivot Point R1: 0.3195
    Daily Pivot Point R2: 0.3242
    Daily Pivot Point R3: 0.3284

 

XRP/USD 60-minute chart

  • Big near-term buying area around the $0.3050 level continues to prevent the price from free-falling.

 

XRP/USD daily chart

  • A vital daily ascending trend line is providing critical support for XRP/USD. 

(Excerpt) Read more Here | 2019-03-11 14:27:00
Image credit: source

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