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  • XRP/USD prints three-day losing streak despite staying above short-term support line.
  • Bullish RSI, MACD can help restrict short-term downside around key support.

Failures to keep upside break of 200-day SMA drags XRP/USD towards revisiting a short-term support line. That said, the quote drops to 0.2820 during early Tuesday.

Considering ripple’s pullback from a downward slopping trend line since December 25, coupled with the recent drop below 200-day SMA, XRP/USD traders can revisit a short-term support line, at 0.2580.

However, any further losses will be challenged by bullish MACD and almost upbeat RSI conditions.

In a case where the XRP/USD sellers break the 0.2580 support line, the 0.2000 psychological magnet and the late-2020 low near 0.1720 may gain the market’s attention.

Alternatively, 200-day SMA and the stated resistance line, respectively around 0.3000 and 0.3685, will guard the pair’s immediate recovery moves.

Should the XRp/USD buyers manage to conquer 0.3685, a descending resistance line from November 24, at 0.5130 now, will be in the spotlight.

XRP/USD daily chart

Trend: Further weakness expected