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Ripple Price Analysis: XRP/USD continues its fall as price looks to break below SMA 50

  • XRP/USD has dropped by >6% over the last nine days.
  • The MACD shows decreasing bullish market momentum.

XRP/USD daily chart

XRP/USD daily chart

Ripple bears stayed in control for the third straight day. XRP/USD is priced at $0.194 and looks to drop below the SMA 50. The price has fallen below the triangle formation and is hugging along the downward trending line. XRP/USD has lost more than 6% of its valuation over the last nine days.

The Elliott Oscillator has had five straight red sessions, while the MACD shows decreasing bullish momentum. All these indicators show that the overall market sentiment is presently bearish.

Support and Resistance

XRP/USD has two strong resistance levels at $0.199 and $0.206. On the downside, there three healthy support levels at $0.193 (SMA 50), $0.1891 (SMA 50) and $0.1822. 

Key levels

XRP/USD

Overview
Today last price0.1941
Today Daily Change-0.0001
Today Daily Change %-0.05
Today daily open0.1942
 
Trends
Daily SMA200.1881
Daily SMA500.1926
Daily SMA1000.1963
Daily SMA2000.209
 
Levels
Previous Daily High0.1975
Previous Daily Low0.1885
Previous Weekly High0.2118
Previous Weekly Low0.1739
Previous Monthly High0.2147
Previous Monthly Low0.1692
Daily Fibonacci 38.2%0.1919
Daily Fibonacci 61.8%0.194
Daily Pivot Point S10.1893
Daily Pivot Point S20.1844
Daily Pivot Point S30.1802
Daily Pivot Point R10.1983
Daily Pivot Point R20.2024
Daily Pivot Point R30.2074


 

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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