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Ripple Price Analysis: XRP/USD sandwiched between SMA 20 and SMA 50 curves

  • XRP/USD is trending within the green Ichimoku cloud.
  • XRP/USD bulls face strong resistance on the upside at SMA 20, $0.2121, $0.2195 and SMA 200.
Ripple Price Analysis: XRP/USD sandwiched between SMA 20 and SMA 50 curves
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.2049 to $0.2048 in the early hours of Wednesday, as the price continues to trend within the green Ichimoku cloud. The price is currently sandwiched between SMA 50 and SMA 20 curves. The MACD shows decreasing bearish momentum, while the Elliott Oscillator is back in the green following a red session.

XRP/USD bulls face strong resistance on the upside at SMA 20, $0.2121, $0.2195 and SMA 200. On the downside, healthy support levels lie at SMA 50, $0.1977 and $0.1824.

Key levels

XRP/USD

Overview
Today last price0.2053
Today Daily Change0.0004
Today Daily Change %0.20
Today daily open0.2049
 
Trends
Daily SMA200.2088
Daily SMA500.1978
Daily SMA1000.2094
Daily SMA2000.2209
 
Levels
Previous Daily High0.2065
Previous Daily Low0.2008
Previous Weekly High0.2162
Previous Weekly Low0.178
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.203
Daily Fibonacci 61.8%0.2044
Daily Pivot Point S10.2017
Daily Pivot Point S20.1984
Daily Pivot Point S30.196
Daily Pivot Point R10.2074
Daily Pivot Point R20.2098
Daily Pivot Point R30.2131


 

Author

Rajarshi Mitra

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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