Ripple Price Analysis: XRP/USD consolidates around $0.1925 as bulls and bears wrestle for control

XRP/USD bulls face stiff resistance at – $0.1981, SMA 20, SMA 50, $0.2041 and SMA 200.
The Elliott Oscillator has had a green session, following five consecutive red sessions.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears took back control in the early hours of Tuesday as the price dropped slightly from $0.1925 to $0.192. Previously this Monday, the price recovered following two consecutive bearish days and rose back above the $0.19-level. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had a green session after five successive red sessions.

Support and Resistance

XRP/USD bulls must overcome stiff resistance at the following levels – $0.1981, SMA 20, SMA 50, $0.2041 and SMA 200. On the downside, good support lies at $0.1874 and $0.1821.

Key levels

XRP/USD

Overview
Today last price	0.1926
Today Daily Change	0.0001
Today Daily Change %	0.05
Today daily open	0.1925

Trends
Daily SMA20	0.2001
Daily SMA50	0.2039
Daily SMA100	0.1911
Daily SMA200	0.2123

Levels
Previous Daily High	0.1935
Previous Daily Low	0.1821
Previous Weekly High	0.2053
Previous Weekly Low	0.1844
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1892
Daily Fibonacci 61.8%	0.1865
Daily Pivot Point S1	0.1853
Daily Pivot Point S2	0.178
Daily Pivot Point S3	0.1739
Daily Pivot Point R1	0.1966
Daily Pivot Point R2	0.2008
Daily Pivot Point R3	0.208

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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Ripple Price Analysis: XRP/USD consolidates around $0.1925 as bulls and bears wrestle for control