Ripple Price Analysis: XRP/USD consolidates above $0.162 as bears attempt to correct price

  • XRP/USD went up from $0.159 to $0.163 this Tuesday.
  • The MACD indicates increasing bullish momentum, while the Elliott Oscillator has had nine consecutive green sessions.

Key levels

  • Current Price: $0.1622 
  • High: $0.1640 
  • Low: $0.1610
  • R3: $0.1698
  • R2: $0.1668
  • R1: $0.1649
  • PP: $0.1618
  • S1: $0.1599
  • S2: $0.1569
  • S3: $0.1550

XRP/USD daily chart

XRP/USD daily chart

XRP/USD has currently settled itself above the $0.162 region following a bullish Tuesday, where it went up from $0.159 to $0.163. If the bulls want to continue the upward momentum, they will have to break past resistance at the downward trending line and the SMA 20 curve. The MACD indicates increasing bullish momentum, while the Elliott Oscillator has had nine consecutive green sessions. The RSI indicator is hovering between 41 and 43.

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