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.

Rajarshi Mitra Independent Analyst

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 price	0.2053
Today Daily Change	0.0004
Today Daily Change %	0.20
Today daily open	0.2049

Trends
Daily SMA20	0.2088
Daily SMA50	0.1978
Daily SMA100	0.2094
Daily SMA200	0.2209

Levels
Previous Daily High	0.2065
Previous Daily Low	0.2008
Previous Weekly High	0.2162
Previous Weekly Low	0.178
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.203
Daily Fibonacci 61.8%	0.2044
Daily Pivot Point S1	0.2017
Daily Pivot Point S2	0.1984
Daily Pivot Point S3	0.196
Daily Pivot Point R1	0.2074
Daily Pivot Point R2	0.2098
Daily Pivot Point R3	0.2131

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 sandwiched between SMA 20 and SMA 50 curves