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  • The MACD indicator has reversed from bullish to bearish.
  • The RSI indicator is trending horizontally around 55 near the neutral zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls ran out of steam at the $0.336 resistance level four days back. Ever since then, the bears have had full control over the market. During this time period, XRP/USD fell from $0.336 to $0.285. The bears will want to broke below the $0.285 psychological level to continue its downward momentum. The Elliott Oscillator has had three consecutive red sessions, while the MACD indicator shows that the market momentum has reversed from bullish to bearish. The RSI indicator is trending horizontally around 55 in the neutral zone after dropping from the overbought territory.
 

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