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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.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

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 price	0.1822
Today Daily Change	0.0007
Today Daily Change %	0.39
Today daily open	0.1815

Trends
Daily SMA20	0.1926
Daily SMA50	0.1983
Daily SMA100	0.1927
Daily SMA200	0.2105

Levels
Previous Daily High	0.184
Previous Daily Low	0.1786
Previous Weekly High	0.1988
Previous Weekly Low	0.1821
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1806
Daily Fibonacci 61.8%	0.1819
Daily Pivot Point S1	0.1787
Daily Pivot Point S2	0.1759
Daily Pivot Point S3	0.1733
Daily Pivot Point R1	0.1841
Daily Pivot Point R2	0.1868
Daily Pivot Point R3	0.1896

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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