• XRP/USD went down from $0.36 to $0.328 this Thursday.
  • The price dipped below the SMA 200 curve for the first time since 14th May 2019.

XRP/USD managed to do a hattrick of bearish days as the price went down from $0.36 to $0.328 this Thursday. Looking at the hourly breakdown, we can see that XRP/USD found intraday support on the $0.322 level and recovered the price up to $0.328. Intraday resistance is at $0.336, which the bulls will need to overcome.

XRP/USD daily chart

The price has gone below the 20-day Bollinger band, indicating that XRP/USD is undervalued. This shows that more bullish correction is on the horizon. The 50-day simple moving average (SMA 50) curve is looking to cross over with the SMA 20 curve, which is a heavily bearish sign. This Thursday’s price session also took the price below the SMA 200 curve for the first time since 14th May 2019.

The moving average convergence/divergence (MACD) curve shows increasing bearish momentum and the relative strength index (RSI) indicator has dipped into the oversold zone.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum price analysis: ETH/USD hovers above $220; upside capped at $230

Ethereum momentum hit a snag at $230 following the impressive recovery witnessed yesterday from the support at $205. ETH/USD has spent most of this week’s trading sessions battling to shake off the selling pressure. 

More Ethereum News

Bitcoin Weekly Forecast: BTC bulls get ready for a major assault

The cryptocurrency market has been pretty volatile this week. Bitcoin stayed in the green zone despite wild price gyrations, while major altcoins are nursing double-digit losses on a week-on-week basis.

Read the weekly forecast