Search ForexCrunch
  • XRP/USD experienced a bearish correction, following a bullish Monday.
  • The Elliott Oscillator has had a green session following five consecutive red sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.1895 to $0.1892 after losing momentum at the $0.19 level. The signal line is about to crossover the MACD line, showing an upcoming reversal in bearish market momentum. The Elliott Oscillator has had a green session following five consecutive red sessions.

Support and Resistance

The market has strong resistance levels at $0.19, $0.1932, SMA 20 and SMA 50.  On the downside, XRP/USD has one healthy support at $0.186.

Key levels