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.

Rajarshi Mitra Independent Analyst

XRP/USD daily price 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 price	0.2022
Today Daily Change	-0.0034
Today Daily Change %	-1.65
Today daily open	0.2056

Trends
Daily SMA20	0.1827
Daily SMA50	0.1922
Daily SMA100	0.195
Daily SMA200	0.2087

Levels
Previous Daily High	0.2069
Previous Daily Low	0.1841
Previous Weekly High	0.1798
Previous Weekly Low	0.1729
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1982
Daily Fibonacci 61.8%	0.1928
Daily Pivot Point S1	0.1908
Daily Pivot Point S2	0.1761
Daily Pivot Point S3	0.1681
Daily Pivot Point R1	0.2136
Daily Pivot Point R2	0.2216
Daily Pivot Point R3	0.2364

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.