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Ripple Price Analysis: XRP/USD sandwiched between SMA 20 and SMA 50 curves

FX Street
Updated:
  • XRP/USD is trending within the green Ichimoku cloud.
  • XRP/USD bulls face strong resistance on the upside at SMA 20, $0.2121, $0.2195 and SMA 200.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.2049 to $0.2048 in the early hours of Wednesday, as the price continues to trend within the green Ichimoku cloud. The price is currently sandwiched between SMA 50 and SMA 20 curves. The MACD shows decreasing bearish momentum, while the Elliott Oscillator is back in the green following a red session.

XRP/USD bulls face strong resistance on the upside at SMA 20, $0.2121, $0.2195 and SMA 200. On the downside, healthy support levels lie at SMA 50, $0.1977 and $0.1824.

Key levels

 

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