Home Ripple Price Analysis: XRP/USD bears take control in the early hours of Tuesday, price drops below downward trending line
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Ripple Price Analysis: XRP/USD bears take control in the early hours of Tuesday, price drops below downward trending line

FX Street
Published date:
  • The bears took charge after seven straight bullish days.
  • The Elliott Oscillator has had a red session following three consecutive green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.1977 to $0.1970 in the early hours of Tuesday, as the bears took control following seven consecutive bullish days. The price is currently flirting with the upward trending line, as it has dipped a little below it. The 20-day Bollinger jaw is slowly narrowing, which indicates decreasing price volatility. The Elliott Oscillator has had a red session following three consecutive green sessions, while the RSI indicator is trending horizontally around 58.30.

Key levels

 

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