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

XRP/USD bears took back control after two straight bullish days.
The MACD shows decreasing bullish momentum.
The price faces strong resistance at $0.2111, SMA 200 and $0.2246.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears took charge following two straight bullish days as the price dropped from $0.2042 to $0.2026. The MACD shows decreasing bullish momentum, while the Elliott Oscillator had a green session, following this Thursday’s red session. It looks like the bulls and bears are currently playing a tug-of-war for control, with the latter gaining a slight advantage.

Support and Resistance

XRP/USD has three strong resistance levels on top at $0.2111, SMA 200 and $0.2246. On the downside, the price is currently sitting on top of the SMA 50 curve. If the sellers do manage to conquer that, they will look to aim for SMA 20, $0.1931 and $0.1825.

Key levels

XRP/USD

Overview
Today last price	0.2033
Today Daily Change	-0.0009
Today Daily Change %	-0.44
Today daily open	0.2042

Trends
Daily SMA20	0.2008
Daily SMA50	0.2023
Daily SMA100	0.1953
Daily SMA200	0.2143

Levels
Previous Daily High	0.2072
Previous Daily Low	0.1999
Previous Weekly High	0.2031
Previous Weekly Low	0.1855
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.2044
Daily Fibonacci 61.8%	0.2027
Daily Pivot Point S1	0.2004
Daily Pivot Point S2	0.1965
Daily Pivot Point S3	0.1931
Daily Pivot Point R1	0.2076
Daily Pivot Point R2	0.2111
Daily Pivot Point R3	0.2149

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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