Home Ripple price analysis: xrp/usd bulls fight back and negate friday’s losses
Crypto News

Ripple price analysis: xrp/usd bulls fight back and negate friday’s losses

  • XRP/USD has re-entered the $0.20-level following bullish price action.
  • The price managed to cross above the SMA 50 in the process.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls took charge as the price went up from $0.1941 to $0.201, negating this Friday’s losses. The price re-entered the green Ichimoku cloud and managed to break above the SMA 50 curve, in the process. The MACD and Elliott Oscillator both show sustained bearish momentum.

The price faces strong resistance at SMA 20, $0.2155 and $0.2247. In the downside, healthy support lies at SMA 50, $0.1932, SMA 200 and $0.181.

Key levels

 

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.