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  • XRP/USD is presently hovering above the green Ichimoku cloud, SMA 20, SMA 50 and SMA 200.
  • The RSI indicator has dipped below the overbought zone.

XRP/USD daily chart

XRP/USD daily chart

This Friday, XRP/USD failed at the $0.283 resistance level and has been falling since then. XRP/USD has dropped from $0.283 to $0.270 since Friday and the RSI indicator has fallen below the overbought zone and the price corrected itself. XRP/USD is presently hovering above the green Ichimoku cloud, SMA 20, SMA 50 and SMA 200. The MACD and Elliott Oscillator both show decreasing bullish sentiment. The bulls will need to make sure that XRP/USD doesn’t fall below the SMA 200 curve to prevent further downward momentum.