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Ripple Price Analysis: XRP/USD charts bearish cross patten

FX Street
Updated:
  • XRP/USD continues bullish domination as it trends above the green Ichimoku cloud.
  • The MACD shows decreasing bearish momentum.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD continued its bullish domination as the price went up slightly from $0.1979 to  $0.1982. Presently, the price has peeked above the green Ichimoku cloud, while it has found resistance at the SMA 20 and SMA 50 curves. Speaking of the curves, the SMA 50 has crossed over the SMA 20 to chart the bearish cross pattern. Finally, the MACD indicates decreasing bearish momentum.

Support and Resistance

XRP/USD bulls face strong resistance at the SMA 20, SMA 50, $0.2055, $0.212 and SMA 200. On the downside, healthy support lies at $0.1929 and $0.1809.

Key levels

 

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