Ripple Price Analysis: XRP/USD bulls lack momentum required to breach $0.25-level
|- XRP/USD went up from $0.235 to $0.243 this Thursday.
- The MACD indicates slight bullish momentum.
XRP/USD daily chart
XRP/USD has found support on the upward trending line and SMA 20. This Thursday, the price went up from $0.235 to $0.243 but has since corrected to $0.242. SMA 200 acts as immediate market resistance that the price will need to overcome. The MACD indicates slight bullish momentum, while the Elliott Oscillator has had four straight green sessions. The RSI indicator is trending around 60.87, as the market goes through a price consolidation period.
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