Ripple Price Analysis: XRP/USD drops below upward trending line

XRP/USD bulls try to fight back following bearish Wednesday.
Currently, the price is sandwiched between the SMA 50 and upward trending line.
MACD shows sustained bearish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD went up from $0.2015 to $0.202, following a bearish Wednesday. The price currently sandwiched between the SMA 50 and the upward trending line. The MACD shows sustained bearish momentum.

On the upside, the bulls face resistance at the upward trending line, SMA 20, $0.214 and $0.219. On the downside, healthy support lies at SMA 50, $0.198 and $0.188.

Key levels

XRP/USD

Overview
Today last price	0.2019
Today Daily Change	0.0004
Today Daily Change %	0.20
Today daily open	0.2015

Trends
Daily SMA20	0.2083
Daily SMA50	0.1984
Daily SMA100	0.2087
Daily SMA200	0.2205

Levels
Previous Daily High	0.2062
Previous Daily Low	0.1973
Previous Weekly High	0.2162
Previous Weekly Low	0.178
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.2007
Daily Fibonacci 61.8%	0.2028
Daily Pivot Point S1	0.1972
Daily Pivot Point S2	0.1928
Daily Pivot Point S3	0.1884
Daily Pivot Point R1	0.206
Daily Pivot Point R2	0.2105
Daily Pivot Point R3	0.2149

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.