Both the MACD and Elliott Oscillator shows bearish market sentiment. Interestingly, the SMA 50 has crossed over SMA 200 to chart the golden cross pattern. XRP/USD daily chart XRP/USD bears continued to make their presence felt as the price dropped from $0.271 to $0.2675. This follows a heavily bearish Monday where XRP/USD plummetted from $0.284 to $0.271. The price is trending in a downward channel formation, while SMA 20 acts as immediate market resistance. On the downside, the SMA 50 has crossed over the SMA 200, to chart the bullish golden cross pattern. However, both the MACD indicator and Elliot Oscillator show that the overall market sentiment is definitely bearish, despite bullish fightback. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next S&P 500 futures rebound in sync with US Treasury yields, gold corrects – Risk reset? FX Street 2 years Both the MACD and Elliott Oscillator shows bearish market sentiment. Interestingly, the SMA 50 has crossed over SMA 200 to chart the golden cross pattern. XRP/USD daily chart XRP/USD bears continued to make their presence felt as the price dropped from $0.271 to $0.2675. This follows a heavily bearish Monday where XRP/USD plummetted from $0.284 to $0.271. The price is trending in a downward channel formation, while SMA 20 acts as immediate market resistance. On the downside, the SMA 50 has crossed over the SMA 200, to chart the bullish golden cross pattern. However, both the MACD indicator and Elliot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
