Ripple Price Analysis: XRP/USD finds support at SMA 50 as bears take over
|- XRP/USD fell from $0.2022 to $0.1985 this Thursday, dropping below the $0.20 level in the process.
- The Elliott Oscillator has had 25 straight green sessions, having gone up from -0.087 to 0.027.
XRP/USD daily chart
XRP/USD bears have remained in control in the early hours of Saturday as the price fell from $0.1985 to $0.1983. The price is consolidating in a triangle formation and has found support on the SMA 50 curve. This Wednesday, the price climbed above the 20-day Bollinger Band but encountered resistance at the downward trending line. To reverse the negative momentum, the bulls must take the price up to $0.2010 to break above the triangle formation. The Elliott Oscillator has had 25 straight green sessions, having gone up from -0.087 to 0.027.
Key levels
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