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Ripple Price Analysis: XRP/USD’s Elliott Oscillator has a green session following five straight red sessions

  • XRP/USD experiences bearish correction following Monday’s bullish action.
  • The MACD Indicator shows sustained bearish market momentum.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD fell from $0.1925 $0.1916 this Tuesday as the bears stepped in to correct the market following a bullish Monday. The MACD shows sustained bearish momentum, while the Elliott Oscillator has had a green session after five consecutive red sessions.

Support and Resistance

XRP/USD daily chart has stiff resistance levels at $0.193, $0.1981, SMA 20 and SMA 50.  Healthy support levels lie at $0.19 and $0.182.

Key levels

XRP/USD

Overview
Today last price0.1922
Today Daily Change-0.0003
Today Daily Change %-0.16
Today daily open0.1925
 
Trends
Daily SMA200.2001
Daily SMA500.2039
Daily SMA1000.1911
Daily SMA2000.2123
 
Levels
Previous Daily High0.1935
Previous Daily Low0.1821
Previous Weekly High0.2053
Previous Weekly Low0.1844
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1892
Daily Fibonacci 61.8%0.1865
Daily Pivot Point S10.1853
Daily Pivot Point S20.178
Daily Pivot Point S30.1739
Daily Pivot Point R10.1966
Daily Pivot Point R20.2008
Daily Pivot Point R30.208


 

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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