Home Ripple Price Analysis: XRP/USD drops down as bears aim to drop below the upward trending line
Crypto News

Ripple Price Analysis: XRP/USD drops down as bears aim to drop below the upward trending line

FX Street
Published date:
  • XRP/USD went up from $0.174 to $0.1758 this Wednesday.
  • The Elliott Oscillator has had 17 straight green sessions.

XRP/USD daily chart

XRP/USD

XRP/USD bears took control in the early hours of Thursday as the price fell from $0.1758 to $0.175. This followed a bullish Wednesday wherein the price went up from $0.174 to $0.1758. The support at the upward trending line needs to hold strong to curb further downward momentum. The 20-day Bollinger jaw has stopped constricting, indicating that price volatility has stopped decreasing. The MACD indicates sustained bullish momentum, while the Elliott Oscillator has had 17 straight green sessions. Finally, the RSI indicator is trending horizontally around 47.20.
 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026