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  • XRP/USD must overcome resistance at SMA 200 to trend above the $0.251 level.
  • The Elliott Oscillator has had three straight green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped a bit from $0.245 to $0.244 in the early hours of Saturday. This followed a bullish Friday where the price went up from $0.239 to $0.245. The price is trending below the SMA 20, SMA 50 and SMA 200 curves and the 20-day Bollinger jaw has narrowed considerably, showing decreasing market volatility. The MACD indicates decreasing bearish momentum, while the Elliott Oscillator has had three straight green sessions.