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Ripple Price Analysis: XRP/USD falls below the $0.15 psychological level

FX Street
Updated:
  • XRP/USD dropped below the downward channel formation and the 20-day Bollinger Band.
  • The RSI is trending around 22.42 inside the oversold zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD plummetted from $0.209 to $0.138 this Thursday. The bulls are desperately trying to make a comeback, as the price has gone up slightly to $0.14. This Thursday’s extreme bearish action has dipped the price below the downward channel pattern and the 20-day Bollinger Band. The MACD indicates increasing bearish momentum, while the Elliott Oscillator has had seven straight red sessions. The RSI is trending around 22.42 inside the oversold zone.
 

FX Street

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