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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.

XRP/USD daily chart

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 price0.1926
Today Daily Change0.0001
Today Daily Change %0.05
Today daily open0.1925
 
Trends
Daily SMA200.2001
Daily SMA500.2039
Daily SMA1000.1911
Daily SMA2000.2123
 
Levels
Previous Daily High0.1935
Previous Daily Low0.1821
Previous Weekly High0.2053
Previous Weekly Low0.1844
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1892
Daily Fibonacci 61.8%0.1865
Daily Pivot Point S10.1853
Daily Pivot Point S20.178
Daily Pivot Point S30.1739
Daily Pivot Point R10.1966
Daily Pivot Point R20.2008
Daily Pivot Point R30.208


 

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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