Home Ripple Technical Analysis: XRP/USD bears take price below $0.185
Crypto News

Ripple Technical Analysis: XRP/USD bears take price below $0.185

FX Street
Updated:
  • XRP/USD bears remained in control for the second straight day.
  • Elliott Oscillator has had seven consecutive green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears remained in control for the second straight day as the price fell from $0.1852 to $0.1848. Despite the bearish price action, the Elliott Oscillator has had seven consecutive green sessions, showing that the overall market sentiment is still bullish. Finally, the RSI is trending around the neutral zone.

Support and Resistance

XRP/USD has strong resistance levels at $0.1889, $0.1917 (SMA 50) and $0.1927. On the downside, strong support lies at $0.1824, $0.1817 (SMA 20) and $0.1772.

Key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024