Ripple Price Analysis: Bulls fightback after XRP/USD drops below the green Ichimoku cloud

XRP/USD faces resistance at SMA 50, $0.2045, SMA 20 and $0.2126
The MACD shows sustained bearish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD went up from $0.1941 to $0.1947 in the early hours of Friday. This follows a bearish Thursday wherein the price dropped from $0.2015 and went below the green Ichimoku cloud and the SMA 50. The MACD shows sustained bearish momentum.

On the upside, XRP/USD faces resistance at SMA 50, $0.2045, SMA 20 and $0.2126. Overcoming resistance at SMA 50 will enable the price to re-enter the green Ichimoku cloud. On the downside, healthy support lies at $0.1893 and $0.1806.

Key levels

XRP/USD

Overview
Today last price	0.1945
Today Daily Change	0.0003
Today Daily Change %	0.15
Today daily open	0.1942

Trends
Daily SMA20	0.2071
Daily SMA50	0.1988
Daily SMA100	0.2078
Daily SMA200	0.22

Levels
Previous Daily High	0.2029
Previous Daily Low	0.1891
Previous Weekly High	0.2162
Previous Weekly Low	0.178
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.1944
Daily Fibonacci 61.8%	0.1976
Daily Pivot Point S1	0.1879
Daily Pivot Point S2	0.1816
Daily Pivot Point S3	0.1741
Daily Pivot Point R1	0.2017
Daily Pivot Point R2	0.2092
Daily Pivot Point R3	0.2154

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.