Ripple XRP Price Analysis: The psychological 0.20 level comes to the rescue during the crypto massacre for XRP/USD

XRP/USD trades 4.60% lower on Tuesday after a massive crypto sell-off.
There were some technical signs before the sell of that some weakness was about to come.

XRP/USD 4-hour chart

Ripple's XRP has fallen heavily during early hours in the US session on Tuesday. The price managed to print below the psychological 0.20 level but is now trading back above the support zone.

Looking closer at the chart, there were some early signals that there could be some weakness on the way. The price made a higher high wave and the Relative Strength Index indicator made a lower high wave. This is called a bearish divergence and is a signal that the price rise could be running out of momentum.

The MACD indicator has also turned bearish as the histogram has dropped below the zero level. The signal lines are still above the mid-zone but there has been a bearish cross and they look like they might cross to the downside soon.

Lastly, the 200 and 55 moving averages have also been broken. This could be a sign that there is more weakness to come and support levels need to be watched.

Additional levels

XRP/USD

Overview
Today last price	0.2017
Today Daily Change	-0.0095
Today Daily Change %	-4.50
Today daily open	0.2112

Trends
Daily SMA20	0.2004
Daily SMA50	0.2012
Daily SMA100	0.1973
Daily SMA200	0.2152

Levels
Previous Daily High	0.2129
Previous Daily Low	0.2013
Previous Weekly High	0.2031
Previous Weekly Low	0.1855
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.2085
Daily Fibonacci 61.8%	0.2058
Daily Pivot Point S1	0.204
Daily Pivot Point S2	0.1969
Daily Pivot Point S3	0.1924
Daily Pivot Point R1	0.2156
Daily Pivot Point R2	0.2201
Daily Pivot Point R3	0.2272

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