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 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
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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