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  • XRP/USD is currently priced at $0.25 in the early hours of Wednesday.
  • The SMA 20 is looking to cross over the SMA 50 curve.

XRP/USD daily chart

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The daily chart is trending below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The bears have taken control of the market for the second day in a row. XRP/USD is trading for $0.25 in the early hours of Wednesday. The Elliott Oscillator shows four straight bullish sessions.

XRP/USD four-hour chart

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The four-hour market is trending below the gree Ichimoku cloud and the SMA 200 curve. The market has found support on the SMA 20 and SMA 50 curves. The Moving Average Convergence/Divergence (MACD) indicator shows a reversal of momentum from bullish to bearish.

XRP/USD hourly chart

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The hourly XRP/USD chart is trending in the lower half of the 20-day Bollinger band and has found resistance at the downward trending line. The price is trending above the SMA 200 and below the SMA 50 and SMA 20 curves. The SMA 50 has crossed over the SMA 20 curve, which is a bearish sign. The Relative Strength Index (RSI) indicator is trending around 37.50.

Key Levels