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  • The MACD indicates decreasing bearish momentum.
  • XRP/USD had dropped from $0.2397 to $0.2344 this Tuesday.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD fell from $0.2397 to $0.2344 this Tuesday as the bulls once again ran out of steam near the $0.24-level. The price has gone up to $0.2355 as the buyers took control in the early hours of Wednesday. XRP/USD continued to hover below the SMA 20, SMA 50 and SMA 200 curves as the price consolidation under $0.24. The MACD indicates decreasing bearish momentum. Since the four out of the six latest sessions have all been bearish, the Elliott Oscillator has had two straight red sessions.