Ripple price analysis: xrp/usd bulls fight back and negate friday’s losses

XRP/USD has re-entered the $0.20-level following bullish price action.
The price managed to cross above the SMA 50 in the process.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls took charge as the price went up from $0.1941 to $0.201, negating this Friday’s losses. The price re-entered the green Ichimoku cloud and managed to break above the SMA 50 curve, in the process. The MACD and Elliott Oscillator both show sustained bearish momentum.

The price faces strong resistance at SMA 20, $0.2155 and $0.2247. In the downside, healthy support lies at SMA 50, $0.1932, SMA 200 and $0.181.

Key levels

XRP/USD

Overview
Today last price	0.201
Today Daily Change	0.0068
Today Daily Change %	3.50
Today daily open	0.1942

Trends
Daily SMA20	0.2071
Daily SMA50	0.1988
Daily SMA100	0.2078
Daily SMA200	0.22

Levels
Previous Daily High	0.2029
Previous Daily Low	0.1891
Previous Weekly High	0.2162
Previous Weekly Low	0.178
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.1944
Daily Fibonacci 61.8%	0.1976
Daily Pivot Point S1	0.1879
Daily Pivot Point S2	0.1816
Daily Pivot Point S3	0.1741
Daily Pivot Point R1	0.2017
Daily Pivot Point R2	0.2092
Daily Pivot Point R3	0.2154

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.