Ripple Price Analysis: Bears aims to take XRP/USD below the $0.17 level
|- XRP/USD bears took the price down from $0.177 to $0.173 this Friday.
- The RSI indicator is trending around the neutral zone over the last two days.
XRP/USD daily chart
XRP/USD bears retained control as the price fell further from $0.173 to $0.1717 in the early hours of Saturday. The price is hovering above the SMA 20 and below the SMA 50 and SMA 200. At the same time, the 20-day Bollinger jaw has narrowed, indicating decreasing price volatility. Despite the bearish price action, both the MACD and Elliott Oscillator suggest that the overall market sentiment is bullish. On the other hand, the RSI indicator has been trending around the neutral zone over the last two days. The bulls must protect the $0.17 support level to prevent any further downward movement.
Key Levels
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