Ripple Price Analysis: XRP bulls battle 100-day SMA amid upbeat fundamentals
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XRP/USD stays on the front foot while taking the bids near 0.3360 during early Friday. In doing so, the quote stays above 21-day SMA for the first tim

  • XRP/USD cheers upside break of 21-day SMA following comments from Ripple CEO.
  • MACD turns most bullish since late-November, bulls eye six-week-old resistance line.
  • Mid-2020 low becomes a strong support for bears to watch.
  • XRP/USD cheers upside break of 21-day SMA following comments from Ripple CEO.
  • XRP/USD cheers upside break of 21-day SMA following comments from Ripple CEO.
  • MACD turns most bullish since late-November, bulls eye six-week-old resistance line.
  • MACD turns most bullish since late-November, bulls eye six-week-old resistance line.
  • Mid-2020 low becomes a strong support for bears to watch.
  • Mid-2020 low becomes a strong support for bears to watch.

    XRP/USD stays on the front foot while taking the bids near 0.3360 during early Friday. In doing so, the quote stays above 21-day SMA for the first time in over three weeks amid bullish MACD.

    Not only the sustained break of short-term SMA and MACD conditions that probe multi-day high but Ripple Chief’s reply to the US Securities and Exchange Commission (SEC) also favor the XRP/USD bulls.

    Read: Ripple’s CEO addresses SEC’s allegations while XRP regains lost ground

    Ripple’s CEO addresses SEC’s allegations while XRP regains lost ground

    However, a clear upside break of 100-day SMA, at 0.3560 now, becomes necessary for the Ripple buyers to keep the recent north-run while targeting the 0.4000 round-figure.

    It should be noted that the mid-December 2020 low near 0.4375 and a falling trend line from November 24, currently around 0.5350, becomes the key upside hurdles to watch during any further rise past-0.4000.

    Meanwhile, a downside break of 21-day SMA level of 0.3115 may revisit the early 2021 tops near 0.2500 ahead of teasing the 0.2000 psychological magnet.

    In a case where the XRP/USD bears dominate past-0.2000 mark, lows printed during December and June of 2020, around 0.1700, will be an important support to follow.

    Overall, the Ripple buyers are back to the game for cheering the overall run-up in cryptos. Though, cautious sentiment prevails amid mixed messages below the key SMA to challenge the immediate upside.

    Ripple

    XRP/USD daily chart

    Trend: Further upside expected

    Additional important levels

    Overview
    Today last price 0.341
    Today Daily Change 0.0171
    Today Daily Change % 5.28%
    Today daily open 0.3239
     
    Trends
    Daily SMA20 0.3103
    Daily SMA50 0.4581
    Daily SMA100 0.3549
    Daily SMA200 0.2976
     
    Levels
    Previous Daily High 0.3703
    Previous Daily Low 0.2466
    Previous Weekly High 0.3106
    Previous Weekly Low 0.1719
    Previous Monthly High 0.6817
    Previous Monthly Low 0.1719
    Daily Fibonacci 38.2% 0.3231
    Daily Fibonacci 61.8% 0.2939
    Daily Pivot Point S1 0.2569
    Daily Pivot Point S2 0.1899
    Daily Pivot Point S3 0.1331
    Daily Pivot Point R1 0.3806
    Daily Pivot Point R2 0.4373
    Daily Pivot Point R3 0.5043

     

    Additional important levels

    Overview
    Today last price 0.341
    Today Daily Change 0.0171
    Today Daily Change % 5.28%
    Today daily open 0.3239
     
    Trends
    Daily SMA20 0.3103
    Daily SMA50 0.4581
    Daily SMA100 0.3549
    Daily SMA200 0.2976
     
    Levels
    Previous Daily High 0.3703
    Previous Daily Low 0.2466
    Previous Weekly High 0.3106
    Previous Weekly Low 0.1719
    Previous Monthly High 0.6817
    Previous Monthly Low 0.1719
    Daily Fibonacci 38.2% 0.3231
    Daily Fibonacci 61.8% 0.2939
    Daily Pivot Point S1 0.2569
    Daily Pivot Point S2 0.1899
    Daily Pivot Point S3 0.1331
    Daily Pivot Point R1 0.3806
    Daily Pivot Point R2 0.4373
    Daily Pivot Point R3 0.5043

    Additional important levels

    Overview
    Today last price 0.341
    Today Daily Change 0.0171
    Today Daily Change % 5.28%
    Today daily open 0.3239
     
    Trends
    Daily SMA20 0.3103
    Daily SMA50 0.4581
    Daily SMA100 0.3549
    Daily SMA200 0.2976
     
    Levels
    Previous Daily High 0.3703
    Previous Daily Low 0.2466
    Previous Weekly High 0.3106
    Previous Weekly Low 0.1719
    Previous Monthly High 0.6817
    Previous Monthly Low 0.1719
    Daily Fibonacci 38.2% 0.3231
    Daily Fibonacci 61.8% 0.2939
    Daily Pivot Point S1 0.2569
    Daily Pivot Point S2 0.1899
    Daily Pivot Point S3 0.1331
    Daily Pivot Point R1 0.3806
    Daily Pivot Point R2 0.4373
    Daily Pivot Point R3 0.5043

    Additional important levels

    Overview
    Today last price 0.341
    Today Daily Change 0.0171
    Today Daily Change % 5.28%
    Today daily open 0.3239
     
    Trends
    Daily SMA20 0.3103
    Daily SMA50 0.4581
    Daily SMA100 0.3549
    Daily SMA200 0.2976
     
    Overview
    Today last price 0.341
    Today Daily Change 0.0171
    Today Daily Change % 5.28%
    Today daily open 0.3239
    Overview Overview Overview Today last price 0.341 Today Daily Change 0.0171 Today Daily Change % 5.28% Today daily open 0.3239 Today last price 0.341 Today last price0.3410.341 Today Daily Change 0.0171 Today Daily Change0.01710.0171 Today Daily Change % 5.28% Today Daily Change %5.28%5.28% Today daily open 0.3239 Today daily open0.32390.3239
     
    Trends
    Daily SMA20 0.3103
    Daily SMA50 0.4581
    Daily SMA100 0.3549
    Daily SMA200 0.2976
    Trends Trends Trends Daily SMA20 0.3103 Daily SMA50 0.4581 Daily SMA100 0.3549 Daily SMA200 0.2976 Daily SMA20 0.3103 Daily SMA200.31030.3103 Daily SMA50 0.4581 Daily SMA500.45810.4581 Daily SMA100 0.3549 Daily SMA1000.35490.3549 Daily SMA200 0.2976 Daily SMA2000.29760.2976
     
    Levels
    Previous Daily High 0.3703
    Previous Daily Low 0.2466
    Previous Weekly High 0.3106
    Previous Weekly Low 0.1719
    Previous Monthly High 0.6817
    Previous Monthly Low 0.1719
    Daily Fibonacci 38.2% 0.3231
    Daily Fibonacci 61.8% 0.2939
    Daily Pivot Point S1 0.2569
    Daily Pivot Point S2 0.1899
    Daily Pivot Point S3 0.1331
    Daily Pivot Point R1 0.3806
    Daily Pivot Point R2 0.4373
    Daily Pivot Point R3 0.5043
    Levels
    Previous Daily High 0.3703
    Previous Daily Low 0.2466
    Previous Weekly High 0.3106
    Previous Weekly Low 0.1719
    Previous Monthly High 0.6817
    Previous Monthly Low 0.1719
    Daily Fibonacci 38.2% 0.3231
    Daily Fibonacci 61.8% 0.2939
    Daily Pivot Point S1 0.2569
    Daily Pivot Point S2 0.1899
    Daily Pivot Point S3 0.1331
    Daily Pivot Point R1 0.3806
    Daily Pivot Point R2 0.4373
    Daily Pivot Point R3 0.5043
    Levels Levels Levels Previous Daily High 0.3703 Previous Daily Low 0.2466 Previous Weekly High 0.3106 Previous Weekly Low 0.1719 Previous Monthly High 0.6817 Previous Monthly Low 0.1719 Daily Fibonacci 38.2% 0.3231 Daily Fibonacci 61.8% 0.2939 Daily Pivot Point S1 0.2569 Daily Pivot Point S2 0.1899 Daily Pivot Point S3 0.1331 Daily Pivot Point R1 0.3806 Daily Pivot Point R2 0.4373 Daily Pivot Point R3 0.5043 Previous Daily High 0.3703 Previous Daily High0.37030.3703 Previous Daily Low 0.2466 Previous Daily Low0.24660.2466 Previous Weekly High 0.3106 Previous Weekly High0.31060.3106 Previous Weekly Low 0.1719 Previous Weekly Low0.17190.1719 Previous Monthly High 0.6817 Previous Monthly High0.68170.6817 Previous Monthly Low 0.1719 Previous Monthly Low0.17190.1719 Daily Fibonacci 38.2% 0.3231 Daily Fibonacci 38.2%0.32310.3231 Daily Fibonacci 61.8% 0.2939 Daily Fibonacci 61.8%0.29390.2939 Daily Pivot Point S1 0.2569 Daily Pivot Point S10.25690.2569 Daily Pivot Point S2 0.1899 Daily Pivot Point S20.18990.1899 Daily Pivot Point S3 0.1331 Daily Pivot Point S30.13310.1331 Daily Pivot Point R1 0.3806 Daily Pivot Point R10.38060.3806 Daily Pivot Point R2 0.4373 Daily Pivot Point R20.43730.4373 Daily Pivot Point R3 0.5043 Daily Pivot Point R30.50430.5043

     

     

    From: FXSTREET