Ripple Price Analysis: XRP/USD bulls start strong as the price trends inside the green Ichimoku cloud

XRP/USD continues to consolidate below the $0.20-level.
The SMA 50 is about to cross over the SMA 20 to chart a bearish cross.
The MACD shows that the market momentum remains bearish.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls took charge after a bearish Tuesday as the price went up from $0.1937 to $0.1941. The price is still trending inside the green Ichimoku cloud, while the SMA 50 is looking to cross over the SMA 20, to potentially chart a bearish cross pattern. The MACD indicates that market momentum is currently bearish.

On the upside, XRP/USD bulls face resistance at $0.20, SMA 50, SMA 20 and $0.2116. On the downside, healthy support levels lie at $0.1887 and $0.1815.

Key levels

XRP/USD

Overview
Today last price	0.1944
Today Daily Change	0.0008
Today Daily Change %	0.41
Today daily open	0.1936

Trends
Daily SMA20	0.2016
Daily SMA50	0.2
Daily SMA100	0.2019
Daily SMA200	0.2174

Levels
Previous Daily High	0.1968
Previous Daily Low	0.1915
Previous Weekly High	0.208
Previous Weekly Low	0.1891
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.1935
Daily Fibonacci 61.8%	0.1948
Daily Pivot Point S1	0.1911
Daily Pivot Point S2	0.1887
Daily Pivot Point S3	0.1858
Daily Pivot Point R1	0.1965
Daily Pivot Point R2	0.1993
Daily Pivot Point R3	0.2018

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.

Ripple technical weakness persists as selling intensifies toward $1.00

Ripple grinds lower, trading around $1.10 at the time of writing on Wednesday. The sticky bearish outlook mirrors the broader crypto market, with major coins such as Bitcoin and Ethereum facing weak demand as investors de-risk.

Crypto Today: Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

Bitcoin Price Forecast: Sticky inflation fears threaten deeper sell-off in BTC

Bitcoin extends its decline on Wednesday, trading below $61,500 at the time of writing as renewed US-Iran tensions keep the risk sentiment capped. In addition, persistent capital outflows from US-listed spot Exchange Traded Funds continue to fuel selling pressure on BTC.

Pi Network extends decline as CEX outflows fail to offset bearish pressure

Pi Network edges lower on Wednesday, extending its third consecutive day of losses. The technical outlook for PI is largely bearish, with a risk of a steeper correction below $0.1184.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

XRP/USD daily chart

Key levels

XRP/USD

Legal Text

Editor's Picks