Home Ripple Price Analysis: Bulls fightback after XRP/USD drops below the green Ichimoku cloud
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Ripple Price Analysis: Bulls fightback after XRP/USD drops below the green Ichimoku cloud

FX Street
Updated:
  • XRP/USD faces resistance at SMA 50, $0.2045, SMA 20 and $0.2126
  • The MACD shows sustained bearish momentum.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1941 to $0.1947 in the early hours of Friday. This follows a bearish Thursday wherein the price dropped from $0.2015 and went below the green Ichimoku cloud and the SMA 50. The MACD shows sustained bearish momentum.

On the upside, XRP/USD faces resistance at SMA 50, $0.2045, SMA 20 and $0.2126. Overcoming resistance at SMA 50 will enable the price to re-enter the green Ichimoku cloud. On the downside, healthy support lies at $0.1893 and $0.1806.

Key levels

 

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