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Ripple Price Analysis: XRP/USD bears take over to dip back into the green Ichimoku cloud

  • XRP/USD bears took over following a heavily bullish Wednesday.
  • The MACD shows decreasing bearish momentum.
  • The Elliott Oscillator has had eight straight red sessions.
Ripple Price Analysis: XRP/USD bears take over to dip back into the green Ichimoku cloud
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.1979 to $0.1978 in the early hours of Thursday, following a heavily bullish Wednesday. In the process, the price has dipped back inside the green Ichimoku cloud. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had eight straight red sessions.

The price faces strong resistance levels on the upside at $0.203 and $0.206. On the downside, healthy support levels lie at $0.1934 and $0.188.

Key levels

XRP/USD

Overview
Today last price0.1977
Today Daily Change-0.0002
Today Daily Change %-0.10
Today daily open0.1979
 
Trends
Daily SMA200.2006
Daily SMA500.2001
Daily SMA1000.201
Daily SMA2000.217
 
Levels
Previous Daily High0.2007
Previous Daily Low0.1937
Previous Weekly High0.208
Previous Weekly Low0.1891
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.198
Daily Fibonacci 61.8%0.1964
Daily Pivot Point S10.1942
Daily Pivot Point S20.1905
Daily Pivot Point S30.1872
Daily Pivot Point R10.2012
Daily Pivot Point R20.2044
Daily Pivot Point R30.2081


 

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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