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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.
Ripple Price Analysis: XRP/USD drops below upward trending line
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.2019
Today Daily Change0.0004
Today Daily Change %0.20
Today daily open0.2015
 
Trends
Daily SMA200.2083
Daily SMA500.1984
Daily SMA1000.2087
Daily SMA2000.2205
 
Levels
Previous Daily High0.2062
Previous Daily Low0.1973
Previous Weekly High0.2162
Previous Weekly Low0.178
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.2007
Daily Fibonacci 61.8%0.2028
Daily Pivot Point S10.1972
Daily Pivot Point S20.1928
Daily Pivot Point S30.1884
Daily Pivot Point R10.206
Daily Pivot Point R20.2105
Daily Pivot Point R30.2149


 

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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