Ripple Technical Analysis: XRP/USD bears take price below $0.185
- XRP/USD bears remained in control for the second straight day.
- Elliott Oscillator has had seven consecutive green sessions.
XRP/USD daily chart
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XRP/USD bears remained in control for the second straight day as the price fell from $0.1852 to $0.1848. Despite the bearish price action, the Elliott Oscillator has had seven consecutive green sessions, showing that the overall market sentiment is still bullish. Finally, the RSI is trending around the neutral zone.
Support and Resistance
XRP/USD has strong resistance levels at $0.1889, $0.1917 (SMA 50) and $0.1927. On the downside, strong support lies at $0.1824, $0.1817 (SMA 20) and $0.1772.
Key levels
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.
