XRP/USD storms to the north leaving its peers behind

  • Ripple’s XRP price on Wednesday was trading up with decent gains of some 2%, outperforming its peers.
  • XRP/USD price remains within the confinements of an ascending channel formation via the daily view.

 

Spot rate:                 0.3232

Relative change:      +2.00%

High:                        0.3267

Low:                         0.3087

Trends:
    Daily SMA20: 0.3168
    Daily SMA50: 0.3117
    Daily SMA100: 0.3271
    Daily SMA200: 0.3777
Levels:
    Previous Daily High: 0.3135
    Previous Daily Low: 0.3076
    Previous Weekly High: 0.3236
    Previous Weekly Low: 0.3011
    Previous Monthly High: 0.3505
    Previous Monthly Low: 0.2879
    Daily Fibonacci 38.2%: 0.3098
    Daily Fibonacci 61.8%: 0.3112
    Daily Pivot Point S1: 0.3083
    Daily Pivot Point S2: 0.305
    Daily Pivot Point S3: 0.3024
    Daily Pivot Point R1: 0.3142
    Daily Pivot Point R2: 0.3168
    Daily Pivot Point R3: 0.3201

  XRP/USD 60-minute chart

  • Big buyers came into action around the mid $0.3000 price region, a known area of demand. 
  • Price jumped around 5% in pretty much one more after aggressive buying came into play. 

 

XRP/USD daily chart

  • XRP/USD is still trading within the confinements of an ascending channel formation. 
  • Given the above-noted price structure, there is still the risk of a potential breakout to the downside. 

Crypto Destroyer

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