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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.
Ripple Price Analysis: XRP/USD bulls start strong as the price trends inside the green Ichimoku cloud
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.1944
Today Daily Change0.0008
Today Daily Change %0.41
Today daily open0.1936
 
Trends
Daily SMA200.2016
Daily SMA500.2
Daily SMA1000.2019
Daily SMA2000.2174
 
Levels
Previous Daily High0.1968
Previous Daily Low0.1915
Previous Weekly High0.208
Previous Weekly Low0.1891
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.1935
Daily Fibonacci 61.8%0.1948
Daily Pivot Point S10.1911
Daily Pivot Point S20.1887
Daily Pivot Point S30.1858
Daily Pivot Point R10.1965
Daily Pivot Point R20.1993
Daily Pivot Point R30.2018


 

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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