Home Ripple Price Analysis: XRP/USD bears retain control as price falls below $0.28
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Ripple Price Analysis: XRP/USD bears retain control as price falls below $0.28

FX Street
Updated:
  • XRP/USD bears have stayed in control for the second straight day.
  • The Elliott Oscillator has had a green session following 14 consecutive red sessions.

XRP/USD daily chart

XRP/US daily chart

XRP/USD bears have stayed in control of the market for the second straight day as the price fell from $0.2814 $0.2789. The relative strength index (RSI) is trending around the neutral zone, while the Elliott Oscillator has had a green session following 14 consecutive red sessions.

As per the price chart, we have two strong resistance levels at $0.2867 (SMA 20) and $0.302. On the downside, we have a couple of healthy support levels at $0.2623 ( SMA 50), $0.257 and $0.245.

Key levels

 

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