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  • Ripple’s XRP price rips higher and nears the monthly highs.
  • While rejected at resistance, the technical picture has materially improved.

XRP/USD made a move to the upside after a few days of stagnation. The listless moves caused a perfect convergence of the 50 and 200 Simple Moving Averages on the four-hour chart, and now Ripple shoots above them.

It stopped at the March 1st high at 0.3280 before retreated back to the top of the previous range around 0.3200 which is fought over at the time of writing.  

Above  0.3280, resistance awaits at 0.3410 that was a swing high in late February. Another level to watch from that time is 0.3475.

Looking down, 0.3075 was the low point in recent days. 0.3020 was a swing low and the lowest level in March. 0.2990 is next down the line.

The Relative Strength Index points higher but is under 70, thus not point to oversold conditions. The technical picture remains bullish.

XRP USD Technical four hour chart March 13 2019

Additional technical levels to watch:



       Today Last Price:  0.3192
       Today Daily change:  0.0076  pips
       Today Daily change %:  2.44%
       Today Daily Open:  0.3116
       Daily SMA20:  0.3168
       Daily SMA50:  0.3117
       Daily SMA100:  0.3271
       Daily SMA200:  0.3777
       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