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Ripple Price Analysis: XRP/USD charts bearish cross patten

XRP/USD continues bullish domination as it trends above the green Ichimoku cloud.
The MACD shows decreasing bearish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD continued its bullish domination as the price went up slightly from $0.1979 to $0.1982. Presently, the price has peeked above the green Ichimoku cloud, while it has found resistance at the SMA 20 and SMA 50 curves. Speaking of the curves, the SMA 50 has crossed over the SMA 20 to chart the bearish cross pattern. Finally, the MACD indicates decreasing bearish momentum.

Support and Resistance

XRP/USD bulls face strong resistance at the SMA 20, SMA 50, $0.2055, $0.212 and SMA 200. On the downside, healthy support lies at $0.1929 and $0.1809.

Key levels

XRP/USD

Overview
Today last price	0.1981
Today Daily Change	0.0002
Today Daily Change %	0.10
Today daily open	0.1979

Trends
Daily SMA20	0.2006
Daily SMA50	0.2001
Daily SMA100	0.201
Daily SMA200	0.217

Levels
Previous Daily High	0.2007
Previous Daily Low	0.1937
Previous Weekly High	0.208
Previous Weekly Low	0.1891
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.198
Daily Fibonacci 61.8%	0.1964
Daily Pivot Point S1	0.1942
Daily Pivot Point S2	0.1905
Daily Pivot Point S3	0.1872
Daily Pivot Point R1	0.2012
Daily Pivot Point R2	0.2044
Daily Pivot Point R3	0.2081

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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