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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 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

XRP/USD

Overview
Today last price0.2024
Today Daily Change-0.0007
Today Daily Change %-0.34
Today daily open0.2031
 
Trends
Daily SMA200.2005
Daily SMA500.2015
Daily SMA1000.1964
Daily SMA2000.2149
 
Levels
Previous Daily High0.2147
Previous Daily Low0.1973
Previous Weekly High0.2031
Previous Weekly Low0.1855
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.204
Daily Fibonacci 61.8%0.2081
Daily Pivot Point S10.1954
Daily Pivot Point S20.1877
Daily Pivot Point S30.178
Daily Pivot Point R10.2128
Daily Pivot Point R20.2224
Daily Pivot Point R30.2302


 

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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Ripple Price Analysis: XRP/USD bears remain in control as price looks to drop below SMA 50 support