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  • 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.