Home Ripple Price Analysis: XRP/USD bears remain in control as price looks to drop below SMA 50 support
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Ripple Price Analysis: XRP/USD bears remain in control as price looks to drop below SMA 50 support

FX Street
Updated:
  • XRP/USD bears remained in control for the second straight day.
  • The price finds immediate support at the SMA 20 curve.
  • MACD shows sustained bullish momentum, while the Elliott Oscillator has had seven consecutive green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears remained in control for the second consecutive day as the price dipped from $0.203 to $0.2023. The price has found support at the SMA 50. The MACD shows sustained bullish market momentum, while the Elliott Oscillator has had seven straight green sessions. 

Support and Resistance

XRP/USD faces strong resistance levels at $0.2107, SMA 200 and $0.2193. On the downside, there are four healthy support levels at SMA 50, SMA 20, $0.1981 and $0.193.

Key levels

 

FX Street

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