fxs_header_sponsor_anchor

Ripple Technical Analysis: XRP/USD struggles to stay above $0.2880

  • XRP/USD faces bearish correction following bullish Monday.
  • There are two strong resistance levels at $0.2954 (SMA 20) and $0.3103.

XRP/USD daily chart

XRP/USD bears took charge in the early hours of Tuesday as the price fell from $0.2887 to $0.2880. The price is presently trending in the lower half of the 20-day Bollinger band, which has narrowed considerably to show decreasing price volatility. The Elliott Oscillator shows sustained bearish sentiment, while the relative strength index (RSI) is trending firmly in the neutral zone.

XRP/USD daily chart shows two strong resistance levels on the upside at $0.2954 (SMA 20) and $0.3103. On the other hand, the bears face three healthy support levels at $0.2795, $0.2520 (SMA 50) and $0.245.

Key levels


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.