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Ripple Technical Analysis: XRP/USD consolidates above $0.275 under bearish pressure

  • XRP/USD bears have stayed in control of the market for the second straight day.
  • The daily price chart has two healthy support levels at $0.264 (SMA 50) and $0.244.
Ripple Technical Analysis: XRP/USD consolidates above $0.275 under bearish pressure
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears have stayed in control of the market for the second straight day as the price fell from $0.2762 to $0.2752. The Elliott Oscillator has had 16 red sessions out of the last 17. The recent bearish price action has dropped the price from the edge of the overbought zone to the neutral area.

The daily price chart shows strong resistance levels at $0.283, $0.286 (SMA 20) and $0.296. On the downside, we have two healthy support levels at $0.264 (SMA 50) and $0.244.

Key levels

XRP/USD

Overview
Today last price0.2751
Today Daily Change-0.0011
Today Daily Change %-0.40
Today daily open0.2762
 
Trends
Daily SMA200.2872
Daily SMA500.2641
Daily SMA1000.2283
Daily SMA2000.2156
 
Levels
Previous Daily High0.3043
Previous Daily Low0.2632
Previous Weekly High0.2922
Previous Weekly Low0.2547
Previous Monthly High0.328
Previous Monthly Low0.2485
Daily Fibonacci 38.2%0.2789
Daily Fibonacci 61.8%0.2886
Daily Pivot Point S10.2582
Daily Pivot Point S20.2401
Daily Pivot Point S30.2171
Daily Pivot Point R10.2993
Daily Pivot Point R20.3223
Daily Pivot Point R30.3404


 

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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