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Ripple Price Analysis: XRP/USD consolidates in a flag formation below $0.24

FX Street
Updated:
  • XRP/USD fell from $0.2384 to $0.2372 this Friday.
  • The Elliott Oscillator fell from 0.058 to -0.029 in the last 14 days.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD buyers edged out the bears in the early hours of Saturday as the price went up slightly from $0.2372 to $0.2377. The price keeps consolidating in a flag formation below the $0.24 – mark and is hovering below the SMA 20, SMA 50 and SMA 200 curves. The MACD has leveled out around the – 0.008-mark as the overall market sentiment remains bearish. The Elliott Oscillator has fallen from 0.058 to -0.029 in the last 14 days, while the RSI indicator is trending horizontally around 41.30, next to the oversold zone.
 

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