Rajarshi Mitra
Independent Analyst
- XRP/USD bulls wrest control from the bears this Wednesday.
- The MACD shows decreasing bearish momentum.
- The Elliott Oscillator has had two straight green sessions.
XRP/USD daily chart
XRP/USD went up from $0.1923 to $0.1926 this Wednesday as the bulls took back control after a bearish Tuesday. The price is trending horizontally in the lower half of the 20-day Bollinger Band and struggling to break above the $0.1933 resistance level. The MACD shows decreasing bearish market momentum, while the Elliott Oscillator has had two consecutive green sessions.
Support and Resistance
XRP/USD faces strong resistance at $0.1933, $0.198, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.19 and $0.18825.
Key levels
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