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  • The SMA 50 has crossed above the SMA 20, which is a bearish sign.
  • The Elliott Oscillator has had three green sessions of the last five.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD managed to have three consecutive bullish days, peaking above the $0.24-level in the process. The price is consolidating below the SMA 20, SMA 50 and SMA 200 curves. The SMA 50 has crossed above the SMA 20, which is a bearish sign and the 20-day Bollinger jaw has narrowed, indicating reducing market volatility. The MACD indicates decreasing bearish momentum, while the Elliott Oscillator has had three green sessions out of the last five.