Ripple Price Analysis: XRP/USD bears remain in control as price looks to drop below SMA 50 support
|- XRP/USD bears remained in control for the second straight day.
- The price finds immediate support at the SMA 20 curve.
- MACD shows sustained bullish momentum, while the Elliott Oscillator has had seven consecutive green sessions.
XRP/USD daily chart
XRP/USD bears remained in control for the second consecutive day as the price dipped from $0.203 to $0.2023. The price has found support at the SMA 50. The MACD shows sustained bullish market momentum, while the Elliott Oscillator has had seven straight green sessions.
Support and Resistance
XRP/USD faces strong resistance levels at $0.2107, SMA 200 and $0.2193. On the downside, there are four healthy support levels at SMA 50, SMA 20, $0.1981 and $0.193.
Key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.