Ripple Price Analysis: XRP/USD falls after charting bearish cross

XRP/USD stayed in control for the second straight day.
The price is presently sitting on top of the green Ichimoku cloud.
The Elliott Oscillator has had three consecutive green sessions.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears stayed in control for the second straight day as the price fell from $0.1975 to $0.1966 in the early hours of Saturday. The SMA 50 has crossed over the SMA 20 to form a bearish cross pattern. Both the curves are acting as immediate price resistance. The price is currently sitting on top of the green Ichimoku cloud. The MACD shows decreasing market momentum, while the Elliott Oscillator has had three straight green sessions.

Support and Resistance

XRP/USD bulls will need to overcome resistance at SMA 20, SMA 50, SMA 200, $0.2243 and $0.243. On the downside, healthy support lies at $0.1927.

Key levels

XRP/USD

Overview
Today last price	0.1967
Today Daily Change	-0.0008
Today Daily Change %	-0.41
Today daily open	0.1975

Trends
Daily SMA20	0.1988
Daily SMA50	0.2001
Daily SMA100	0.1993
Daily SMA200	0.2162

Levels
Previous Daily High	0.2031
Previous Daily Low	0.1964
Previous Weekly High	0.2031
Previous Weekly Low	0.1855
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.199
Daily Fibonacci 61.8%	0.2006
Daily Pivot Point S1	0.1949
Daily Pivot Point S2	0.1922
Daily Pivot Point S3	0.1881
Daily Pivot Point R1	0.2016
Daily Pivot Point R2	0.2058
Daily Pivot Point R3	0.2084

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.

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Ripple Price Analysis: XRP/USD falls after charting bearish cross