Ripple Price Analysis: XRP/USD faces bearish correction following Friday’s bullish price action

XRP/USD is currently priced around $0.1920.
The MACD shows increasing bearish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears started the day strong as the price fell from $0.1930 $0.1920. The price is currently trending inside the 20-day Bollinger Band after jumping back inside it this Friday. The MACD shows increasing bearish momentum, while William’s %R is moving next to the oversold zone.

Support and Resistance

XRP/USD faces strong resistance at $0.194, $0.1988, SMA 20 and SMA 50. On the downside, there two healthy support levels at $0.1884 and $0.1819

Key levels

XRP/USD

Overview
Today last price	0.1922
Today Daily Change	-0.0009
Today Daily Change %	-0.47
Today daily open	0.1931

Trends
Daily SMA20	0.2005
Daily SMA50	0.2041
Daily SMA100	0.1926
Daily SMA200	0.2128

Levels
Previous Daily High	0.1949
Previous Daily Low	0.1868
Previous Weekly High	0.2053
Previous Weekly Low	0.1844
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1918
Daily Fibonacci 61.8%	0.1899
Daily Pivot Point S1	0.1883
Daily Pivot Point S2	0.1835
Daily Pivot Point S3	0.1802
Daily Pivot Point R1	0.1964
Daily Pivot Point R2	0.1997
Daily Pivot Point R3	0.2045

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.