Ripple XRP Price Analysis: Chart structure seems to be pointing to lower levels

Ripple trades 1.85% lower and breaks the psychological 0.19 barrier.
The price has moved below the major moving averages on the hourly chart.

XRP/USD daily chart

XRP/USD is trading lower with the chart structure looking pretty bearish. There is a trendline that needs to break if the bears are to take charge but it is not the strongest as it has only two touches. If 0.18 breaks to the downside, The price is also trading under the 200 and 55 moving averages which adds to the bearish woes.

The technical indicators are also looking bearish. The Relative Strength Index is under the 50 line and nearly in the oversold area. The MACD histogram is under the zero line in the red and signal lines are also under the mid-point, so it seems all signs are lower.

XRP/USD 1-hour chart

The 1-hour chart is confirming the bearish picture but there is an important support that needs to be broken. The black trendline at 0.1883 would make a lower high lower low on the hourly chart. There has been a big sell-off on the previous candle and if the momentum continues lower levels could be in the horizon.

Additional levels

XRP/USD

Overview
Today last price	0.1896
Today Daily Change	-0.0036
Today Daily Change %	-1.86
Today daily open	0.1932

Trends
Daily SMA20	0.1995
Daily SMA50	0.2033
Daily SMA100	0.1908
Daily SMA200	0.212

Levels
Previous Daily High	0.1988
Previous Daily Low	0.1884
Previous Weekly High	0.2053
Previous Weekly Low	0.1844
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1948
Daily Fibonacci 61.8%	0.1923
Daily Pivot Point S1	0.1881
Daily Pivot Point S2	0.183
Daily Pivot Point S3	0.1777
Daily Pivot Point R1	0.1985
Daily Pivot Point R2	0.2038
Daily Pivot Point R3	0.2089

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