Home Ripple Price Analysis: XRP/USD consolidates below $0.24 as bears gain an advantage in the early hours of Tuesday

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Ripple Price Analysis: XRP/USD consolidates below $0.24 as bears gain an advantage in the early hours of Tuesday

Updated: 3 Mar. 2020 | 03:47

XRP/USD had gone up from $0.227 to $0.24 this Monday.
The MACD indicator shows decreasing bearish momentum.

XRP/USD daily chart

XRP/USD bears managed to take control of the market in the early hours of Tuesday as the price dropped from $0.24 to $0.237. This follows a heavily bullish Monday where the price went up from $0.227 to $0.24. The price is hovering below the SMA 20, SMA 50 and SMA 200 curves and is consolidating under the $0.24-mark. The MACD indicates decreasing bearish momentum, while the RSI indicator is trending around 40.625.

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