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Ripple Price Analysis: XRP/USD bears retain control as price falls below $0.28

  • XRP/USD bears have stayed in control for the second straight day.
  • The Elliott Oscillator has had a green session following 14 consecutive red sessions.
Ripple Price Analysis: XRP/USD bears retain control as price falls below $0.28
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/US daily chart

XRP/USD bears have stayed in control of the market for the second straight day as the price fell from $0.2814 $0.2789. The relative strength index (RSI) is trending around the neutral zone, while the Elliott Oscillator has had a green session following 14 consecutive red sessions.

As per the price chart, we have two strong resistance levels at $0.2867 (SMA 20) and $0.302. On the downside, we have a couple of healthy support levels at $0.2623 ( SMA 50), $0.257 and $0.245.

Key levels

XRP/USD

Overview
Today last price0.2781
Today Daily Change-0.0034
Today Daily Change %-1.21
Today daily open0.2815
 
Trends
Daily SMA200.2875
Daily SMA500.2606
Daily SMA1000.2265
Daily SMA2000.216
 
Levels
Previous Daily High0.2848
Previous Daily Low0.2783
Previous Weekly High0.2922
Previous Weekly Low0.2547
Previous Monthly High0.328
Previous Monthly Low0.2485
Daily Fibonacci 38.2%0.2808
Daily Fibonacci 61.8%0.2823
Daily Pivot Point S10.2782
Daily Pivot Point S20.275
Daily Pivot Point S30.2717
Daily Pivot Point R10.2848
Daily Pivot Point R20.2881
Daily Pivot Point R30.2913


 

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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