Ripple Price Analysis: XRP/USD consolidates around $0.1925 as bulls and bears wrestle for control

• XRP/USD bulls face stiff resistance at – $0.1981, SMA 20, SMA 50, $0.2041 and SMA 200.
• The Elliott Oscillator has had a green session, following five consecutive red sessions.

XRP/USD daily chart

XRP/USD bears took back control in the early hours of Tuesday as the price dropped slightly from $0.1925 to $0.192. Previously this Monday, the price recovered following two consecutive bearish days and rose back above the $0.19-level. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had a green session after five successive red sessions.

Support and Resistance

XRP/USD bulls must overcome stiff resistance at the following levels – $0.1981, SMA 20, SMA 50, $0.2041 and SMA 200. On the downside, good support lies at $0.1874 and $0.1821.

Key levels