Ripple Price Analysis: XRP/USD peaks back above $0.19 as bulls retain control

XRP/USD crossed the SMA 20 in the daily chart.
XRP/USD 4-hour chart faces immediate resistance at the red Ichimoku cloud.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls retained control as the price jumped from $0.1883 to $0.1902. In the process, XRP/USD managed to break above the SMA 20. The MACD indicates decreasing bearish momentum, while the Elliott Oscillator had 12 red sessions out of the last 13.

XRP/USD 4-hour chart

The 4-hour XRP/USD charts in an upwards channel formation as the price finds resistance at the red Ichimoku cloud. In the process, XRP/USD managed to break above the SMA 20 and SMA 50 curves. The MACD indicates increasing bullish momentum.

Key levels

XRP/USD

Overview
Today last price	0.1899
Today Daily Change	0.0016
Today Daily Change %	0.85
Today daily open	0.1883

Trends
Daily SMA20	0.1886
Daily SMA50	0.182
Daily SMA100	0.2196
Daily SMA200	0.2313

Levels
Previous Daily High	0.19
Previous Daily Low	0.1822
Previous Weekly High	0.1962
Previous Weekly Low	0.1741
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.187
Daily Fibonacci 61.8%	0.1851
Daily Pivot Point S1	0.1837
Daily Pivot Point S2	0.179
Daily Pivot Point S3	0.1759
Daily Pivot Point R1	0.1915
Daily Pivot Point R2	0.1946
Daily Pivot Point R3	0.1993

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.

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.

Ripple Price Analysis: XRP/USD peaks back above $0.19 as bulls retain control