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Ripple Price Analysis: XRP/USD consolidates above $0.2–level following bearish price action

  • XRP/USD faces bearish correction following a bullish Tuesday.
  • The RSI has dropped below the overbought zone, following a brief flirtation.
Ripple Price Analysis: XRP/USD consolidates above $0.2–level following bearish price action
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily price chart

XRP/USD daily chart

XRP/USD fell from $0.2052 to $0.2025 as the bears stepped in to correct the market following a heavily bullish Wednesday. the Elliott Oscillator shows nine straight green sessions, while the RSI has dropped below the overbought zone, following a brief flirtation

Support and Resistance

XRP/USD has strong support at $0.2052 and  $0.2107. On the downside, healthy support lies at $0.1983, $0.1923 (SMA 50), $0.1895 (SMA 50).

Key levels

XRP/USD

Overview
Today last price0.2022
Today Daily Change-0.0034
Today Daily Change %-1.65
Today daily open0.2056
 
Trends
Daily SMA200.1827
Daily SMA500.1922
Daily SMA1000.195
Daily SMA2000.2087
 
Levels
Previous Daily High0.2069
Previous Daily Low0.1841
Previous Weekly High0.1798
Previous Weekly Low0.1729
Previous Monthly High0.2147
Previous Monthly Low0.1692
Daily Fibonacci 38.2%0.1982
Daily Fibonacci 61.8%0.1928
Daily Pivot Point S10.1908
Daily Pivot Point S20.1761
Daily Pivot Point S30.1681
Daily Pivot Point R10.2136
Daily Pivot Point R20.2216
Daily Pivot Point R30.2364

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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