Rajarshi Mitra
Independent Analyst
- XRP/USD bears have stayed in control for the second straight day.
- The Elliott Oscillator has had a green session following 14 consecutive red sessions.
XRP/USD daily chart
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XRP/USD bears have stayed in control of the market for the second straight day as the price fell from $0.2814 $0.2789. The relative strength index (RSI) is trending around the neutral zone, while the Elliott Oscillator has had a green session following 14 consecutive red sessions.
As per the price chart, we have two strong resistance levels at $0.2867 (SMA 20) and $0.302. On the downside, we have a couple of healthy support levels at $0.2623 ( SMA 50), $0.257 and $0.245.
Key levels
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