Ripple Price Analysis: XRP/USD floats inside the green Ichimoku cloud

XRP/USD bulls stage comeback following bearish Tuesday.
The MACD shows decreasing bullish momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls staged a comeback after a bearish Tuesday. The price bounced went up from $0.2012 to $0.2025 and is currently floating inside the green Ichimoku cloud. The MACD shows decreasing bullish momentum.

Support and Resistance

XRP/USD has strong resistance at SMA 50, $0.2068, $0.2113 and SMA 200. On the downside, there are healthy support levels at SMA 20, $0.198 and $0.1927.

Key levels

XRP/USD

Overview
Today last price	0.2024
Today Daily Change	0.0011
Today Daily Change %	0.55
Today daily open	0.2013

Trends
Daily SMA20	0.2009
Daily SMA50	0.2037
Daily SMA100	0.1938
Daily SMA200	0.2132

Levels
Previous Daily High	0.2053
Previous Daily Low	0.1901
Previous Weekly High	0.2147
Previous Weekly Low	0.1973
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1959
Daily Fibonacci 61.8%	0.1995
Daily Pivot Point S1	0.1925
Daily Pivot Point S2	0.1837
Daily Pivot Point S3	0.1773
Daily Pivot Point R1	0.2077
Daily Pivot Point R2	0.2141
Daily Pivot Point R3	0.2229

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 floats inside the green Ichimoku cloud