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Ripple Price Analysis: XRP/USD bulls come back following three straight bearish days

  • XRP/USD has had a bearish start to this Friday following three straight bearish days.
  • The MACD has had 16 consecutive bearish sessions.
  • The price dipped below the green Ichimoku cloud this Thursday.

XRP/USD daily chart

XRP/USD

XRP/USD has gone up from $0.1815 to $0.1824 in the early hours of Friday, following three straight bearish days. This Thursday, the price dipped below the green Ichimoku cloud and is currently looking to re-enter it. The MACD has had 16 consecutive red sessions, indicating that market momentum is entirely bearish. Eight out of the last nine sessions in the Elliott Oscillator have been bearish.

Support and Resistance

XRP/USD faces strong resistance levels at $0.1837 (green Ichimoku cloud), $0.186, $0.19, $0.1915 (SMA 20) and $0.1975 (SMA 50). On the downside, good support lies at $0.1816.

Key levels

XRP/USD

Overview
Today last price0.1822
Today Daily Change0.0007
Today Daily Change %0.39
Today daily open0.1815
 
Trends
Daily SMA200.1926
Daily SMA500.1983
Daily SMA1000.1927
Daily SMA2000.2105
 
Levels
Previous Daily High0.184
Previous Daily Low0.1786
Previous Weekly High0.1988
Previous Weekly Low0.1821
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1806
Daily Fibonacci 61.8%0.1819
Daily Pivot Point S10.1787
Daily Pivot Point S20.1759
Daily Pivot Point S30.1733
Daily Pivot Point R10.1841
Daily Pivot Point R20.1868
Daily Pivot Point R30.1896


 

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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