Ripple Technical Analysis: XRP/USD struggles to stay above $0.2880

XRP/USD faces bearish correction following bullish Monday.
There are two strong resistance levels at $0.2954 (SMA 20) and $0.3103.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears took charge in the early hours of Tuesday as the price fell from $0.2887 to $0.2880. The price is presently trending in the lower half of the 20-day Bollinger band, which has narrowed considerably to show decreasing price volatility. The Elliott Oscillator shows sustained bearish sentiment, while the relative strength index (RSI) is trending firmly in the neutral zone.

XRP/USD daily chart shows two strong resistance levels on the upside at $0.2954 (SMA 20) and $0.3103. On the other hand, the bears face three healthy support levels at $0.2795, $0.2520 (SMA 50) and $0.245.

Key levels

XRP/USD

Overview
Today last price	0.2881
Today Daily Change	-0.0007
Today Daily Change %	-0.24
Today daily open	0.2888

Trends
Daily SMA20	0.2941
Daily SMA50	0.2497
Daily SMA100	0.2213
Daily SMA200	0.2165

Levels
Previous Daily High	0.2922
Previous Daily Low	0.2824
Previous Weekly High	0.328
Previous Weekly Low	0.2773
Previous Monthly High	0.2608
Previous Monthly Low	0.1729
Daily Fibonacci 38.2%	0.2884
Daily Fibonacci 61.8%	0.2861
Daily Pivot Point S1	0.2834
Daily Pivot Point S2	0.278
Daily Pivot Point S3	0.2736
Daily Pivot Point R1	0.2932
Daily Pivot Point R2	0.2976
Daily Pivot Point R3	0.3029

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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XRP/USD daily chart

Key levels

XRP/USD

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