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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.
Ripple Price Analysis: XRP/USD faces bearish correction following Friday’s bullish price action
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.1922
Today Daily Change-0.0009
Today Daily Change %-0.47
Today daily open0.1931
 
Trends
Daily SMA200.2005
Daily SMA500.2041
Daily SMA1000.1926
Daily SMA2000.2128
 
Levels
Previous Daily High0.1949
Previous Daily Low0.1868
Previous Weekly High0.2053
Previous Weekly Low0.1844
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1918
Daily Fibonacci 61.8%0.1899
Daily Pivot Point S10.1883
Daily Pivot Point S20.1835
Daily Pivot Point S30.1802
Daily Pivot Point R10.1964
Daily Pivot Point R20.1997
Daily Pivot Point R30.2045


 

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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