Home Ripple Price Analysis: XRP/USD bulls lack momentum required to breach $0.25-level
Crypto News

Ripple Price Analysis: XRP/USD bulls lack momentum required to breach $0.25-level

FX Street
Updated:
  • XRP/USD went up from $0.235 to $0.243 this Thursday.
  • The MACD indicates slight bullish momentum.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD has found support on the upward trending line and SMA 20. This Thursday, the price went up from $0.235 to $0.243 but has since corrected to $0.242. SMA 200 acts as immediate market resistance that the price will need to overcome. The MACD indicates slight bullish momentum, while the Elliott Oscillator has had four straight green sessions. The RSI indicator is trending around 60.87, as the market goes through a price consolidation period.
 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024