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Ripple Price Analysis: XRP/USD drops after losing momentum at the $0.19–level

  • XRP/USD experienced a bearish correction, following a bullish Monday.
  • The Elliott Oscillator has had a green session following five consecutive red sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.1895 to $0.1892 after losing momentum at the $0.19 level. The signal line is about to crossover the MACD line, showing an upcoming reversal in bearish market momentum. The Elliott Oscillator has had a green session following five consecutive red sessions.

Support and Resistance

The market has strong resistance levels at $0.19, $0.1932, SMA 20 and SMA 50.  On the downside, XRP/USD has one healthy support at $0.186.

Key levels

XRP/USD

Overview
Today last price0.1896
Today Daily Change0.0001
Today Daily Change %0.05
Today daily open0.1895
 
Trends
Daily SMA200.1954
Daily SMA500.2002
Daily SMA1000.1916
Daily SMA2000.2111
 
Levels
Previous Daily High0.1905
Previous Daily Low0.1857
Previous Weekly High0.1988
Previous Weekly Low0.1821
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1887
Daily Fibonacci 61.8%0.1875
Daily Pivot Point S10.1867
Daily Pivot Point S20.1838
Daily Pivot Point S30.1818
Daily Pivot Point R10.1915
Daily Pivot Point R20.1934
Daily Pivot Point R30.1963


 

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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