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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.
Ripple Price Analysis: Bulls fightback after XRP/USD drops below the green Ichimoku cloud
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.1945
Today Daily Change0.0003
Today Daily Change %0.15
Today daily open0.1942
 
Trends
Daily SMA200.2071
Daily SMA500.1988
Daily SMA1000.2078
Daily SMA2000.22
 
Levels
Previous Daily High0.2029
Previous Daily Low0.1891
Previous Weekly High0.2162
Previous Weekly Low0.178
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.1944
Daily Fibonacci 61.8%0.1976
Daily Pivot Point S10.1879
Daily Pivot Point S20.1816
Daily Pivot Point S30.1741
Daily Pivot Point R10.2017
Daily Pivot Point R20.2092
Daily Pivot Point R30.2154


 

Author

Rajarshi Mitra

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.

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