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

Updated: 10 Jun. 2020 | 04:37

XRP/USD bears took control as the price is lying on top of green Ichimoku cloud.
The MACD has reversed from bearish to bullish.

XRP/USD daily chart

XRP/USD went up from $0.2012 to $0.2016 and is currently sitting on the green Ichimoku cloud. The price is currently sandwiched between the SMA 50 and SMA 20 curves. The MACD has reversed from bearish to bullish.

Support and Resistance

XRP/USD faces stiff resistance at SMA 50, $0.2114, SMA 200 and $0.219. On the downside, healthy support lies at SMA 20, $0.1944 and $0.1824.

Key levels

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