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.

Rajarshi Mitra Independent Analyst

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 price	0.1896
Today Daily Change	0.0001
Today Daily Change %	0.05
Today daily open	0.1895

Trends
Daily SMA20	0.1954
Daily SMA50	0.2002
Daily SMA100	0.1916
Daily SMA200	0.2111

Levels
Previous Daily High	0.1905
Previous Daily Low	0.1857
Previous Weekly High	0.1988
Previous Weekly Low	0.1821
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1887
Daily Fibonacci 61.8%	0.1875
Daily Pivot Point S1	0.1867
Daily Pivot Point S2	0.1838
Daily Pivot Point S3	0.1818
Daily Pivot Point R1	0.1915
Daily Pivot Point R2	0.1934
Daily Pivot Point R3	0.1963

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.