Ripple Price Analysis: XRP/USD bears take charge as price sits on top of SMA 50

XRP/USD bears regained control following a bullish Monday.
The MACD shows slight bullish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD continued its sluggish movement in the early hours of Tuesday as the bears took the price down from $0.2042 to $0.2035. Following the negative price action, XRP/USD is currently sitting on top of the SMA 50 curve. The MACD shows slight bullish momentum.

Support and Resistance

XRP/USD has three strong resistance levels on the upside at $0.2114, SMA 200 and $0.224. On the downside, healthy support levels lie at SMA 50, SMA 20, $0.193 and $0.1815.

Key levels

XRP/USD

Overview
Today last price	0.2037
Today Daily Change	-0.0005
Today Daily Change %	-0.24
Today daily open	0.2042

Trends
Daily SMA20	0.2009
Daily SMA50	0.2033
Daily SMA100	0.1941
Daily SMA200	0.2134

Levels
Previous Daily High	0.2046
Previous Daily Low	0.2014
Previous Weekly High	0.2147
Previous Weekly Low	0.1973
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.2034
Daily Fibonacci 61.8%	0.2026
Daily Pivot Point S1	0.2022
Daily Pivot Point S2	0.2002
Daily Pivot Point S3	0.199
Daily Pivot Point R1	0.2054
Daily Pivot Point R2	0.2066
Daily Pivot Point R3	0.2087

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.

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Ripple Price Analysis: XRP/USD bears take charge as price sits on top of SMA 50