Home Ripple Price Analysis: XRP/USD consolidates above $0.2-level following bearish price action
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Ripple Price Analysis: XRP/USD consolidates above $0.2-level following bearish price action

FX Street
Published date:
  • XRP/USD faces bearish correction following a bullish Tuesday.
  • The RSI has dropped below the overbought zone, following a brief flirtation.

XRP/USD daily price chart

XRP/USD daily chart

XRP/USD fell from $0.2052 to $0.2025 as the bears stepped in to correct the market following a heavily bullish Wednesday. the Elliott Oscillator shows nine straight green sessions, while the RSI has dropped below the overbought zone, following a brief flirtation

Support and Resistance

XRP/USD has strong support at $0.2052 and  $0.2107. On the downside, healthy support lies at $0.1983, $0.1923 (SMA 50), $0.1895 (SMA 50).

Key levels

 

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