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.

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XRP/USD daily chart

Key levels

XRP/USD

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