XRP/USD daily chart

  • The XRP/USD daily market is trending in a narrow range between $0.325 and $0.310.
  • The Elliot Wave Oscillator shows that the market has very low volatility.

XRP/USD 4-hour chart

  • The bears have taken over the XRP/USD 4-hour chart. As the Ichimoku indicator shows, more bearish behavior is expected in the future.
  • The moving average convergence/divergence (MACD) shows bearish momentum with decreasing volatility.

XRP/USD hourly chart

  • The last session in the hourly XRP/USD chart was so bearish that the market has fallen below the 20-day simple moving average (SMA 20) and SMA 50.
  • The hourly market is now trending in the lower half of the 20-day Bollinger band.
  • The relative strength index (RSI) has taken a dip towards the neutral zone from the overbought zone.

Key Levels

  • Resistance 3: $0.3294
  • Resistance 2: $0.3258
  • Resistance 1: $0.3216
  • Pivot Point: $0.3180
  • Support 1: $0.3137
  • Support 2: $0.3101
  • Support 3: $0.3059

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