Ripple Price Analysis: XRP/USD bears take control as the price sits on top of the SMA 50 curve

0
  • XRP/USD bears took back control after two straight bullish days.
  • The MACD shows decreasing bullish momentum.
  • The price faces strong resistance at $0.2111, SMA 200 and $0.2246. 

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears took charge following two straight bullish days as the price dropped from $0.2042 to $0.2026. The MACD shows decreasing bullish momentum, while the Elliott Oscillator had a green session, following this Thursday’s red session. It looks like the bulls and bears are currently playing a tug-of-war for control, with the latter gaining a slight advantage.

Support and Resistance

XRP/USD has three strong resistance levels on top at $0.2111, SMA 200 and $0.2246. On the downside, the price is currently sitting on top of the SMA 50 curve. If the sellers do manage to conquer that, they will look to aim for SMA 20, $0.1931 and $0.1825.

Key levels

 

Get the 5 most predictable currency pairs

About Author

Comments are closed.