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XRP/USD Daily Chart

  • XRP/USD went down from $0.301 to $0.299, breaking the $0.30 support level.
  • The price was trending in the green cloud of the Ichimoku indicator before a bearish breakout.
  • The relative strength index (RSI) indicator is trending close to the oversold territory.
  • On the upside, resistance lies at $0.30, $0.31, and $0.322.
  • On the downside, the $0.288 support line is hugely critical. The previous session bounced back from this support line to take the price back above $0.30.

XRP/USD 4-Hour Chart

  • The signal line is diverging up from the MACD line and this indicates more bullish momentum.
  • The price is trending in a downward channel.
  • Immediate short-term support lies at $0.2997 which the bulls need to defend.

XRP/USD Hourly Chart

 

  • The price is trending above both the SMA 20 and SMA 50 curves.
  • The SMA 20 curve is about to crossover the SMA 50 curve which is a bullish sign.
  • There is a slight squeeze in the 20-day Bollinger band which shows decreasing market volatility.
  • The price found support above the upward trending line.
  • The price is also trending in the upper-half of the Bollinger band.

Key Levels