Ripple Price Analysis: XRP/USD plummets below the downward trending line and the green Ichimoku cloud

XRP/USD bears stayed in control for the second straight day this Wednesday.
The Elliott Oscillator is back in the red following Tuesday’s green session.
XRP/USD daily chart has one healthy support level at $0.1816.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD fell from $0.1889 to $0.1834 as the bears remained in control for the second straight day. In the process, the price has fallen below the downward trending line and the green Ichimoku cloud. The Elliott Oscillator is back in the red following Tuesday’s green session. The signal line was about to converge with the MACD line but has since diverged away from it.

Support and Resistance

XRP/USD has strong resistance at $0.1857, $0.1897, $0.1936 (SMA 20) and $0.1989 (SMA 50). On the downside, there is one healthy support level for the bears to overcome at $0.1816.

Key levels

XRP/USD

Overview
Today last price	0.1833
Today Daily Change	-0.0056
Today Daily Change %	-2.96
Today daily open	0.1889

Trends
Daily SMA20	0.1947
Daily SMA50	0.1996
Daily SMA100	0.192
Daily SMA200	0.211

Levels
Previous Daily High	0.1905
Previous Daily Low	0.1884
Previous Weekly High	0.1988
Previous Weekly Low	0.1821
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1892
Daily Fibonacci 61.8%	0.1897
Daily Pivot Point S1	0.1881
Daily Pivot Point S2	0.1872
Daily Pivot Point S3	0.186
Daily Pivot Point R1	0.1902
Daily Pivot Point R2	0.1914
Daily Pivot Point R3	0.1923

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 plummets below the downward trending line and the green Ichimoku cloud