Looking at the Technical Indicators<\/p>\n
Major Support Level: $237.21<\/p>\n
Pivot Level: $239.39<\/p>\n
Major Resistance Level: $241.36<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
Ripples XRP rose by 0.86% on Saturday. Partially reversing a 1.69% fall from Friday, Ripples XRP ended the day at $0.20124.<\/p>\n
A bullish start to the day saw Ripples XRP break through R1 @ $0.2041 to strike an intraday high $0.20504.<\/p>\n
Bearish through the afternoon, Ripples XRP fell to a late intraday low $0.19811.<\/p>\n
While falling into the red, Ripples XRP avoided S1 @ $0.1936. Finding late support, Ripples XRP moved back through to $0.20 levels and into the green.<\/p>\n
Looking at the MACD, weve seen a narrowing of the bullish histograms early on, supportive of a pullback in the day ahead.<\/p>\n
The spreads between the 50-day EMA and 100 and 200 EMAs have also narrowed marginally also supporting a reversal.<\/p>\n
Avoiding a fall through the days pivot level at $0.2015 will be key to support the upward momentum.<\/p>\n
Barring an extended crypto rally, R1 @ 0.2048 and Saturdays high $0.20504 would likely cap any upside.<\/p>\n
A fall through the days pivot level at $0.2015 would bring the S1 @ $0.1979 into play before any recovery.<\/p>\n
Barring an extended sell-off, Ripples XRP should avoid sub-$0.19 levels. S2 @ 0.1945 should limit any downside.<\/p>\n
At the time of writing, Ripples XRP was up by 0.11% to $0.20147. A bullish start to the day saw Ripples XRP rise from an early morning low $0.20122 to a high $0.20340. Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
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Read more:<\/p>\n
EOS, Ethereum and Ripple's XRP - Daily and Hourly Tech Analysis July 12th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Looking at the Technical Indicators Major Support Level: $237.21 Pivot Level: $239.39 Major Resistance Level: $241.36 23.6% FIB Retracement Level: $257 38.2% FIB Retracement Level: $367 62% FIB Retracement Level: $543 Ripples XRP rose by 0.86% on Saturday. Partially reversing a 1.69% fall from Friday, Ripples XRP ended the day at $0.20124. A bullish start to the day saw Ripples XRP break through R1 @ $0.2041 to strike an intraday high $0.20504 Continue reading