Rajarshi Mitra
Independent Analyst
- XRP/USD has had a bearish start to this Friday following three straight bearish days.
- The MACD has had 16 consecutive bearish sessions.
- The price dipped below the green Ichimoku cloud this Thursday.
XRP/USD daily chart
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XRP/USD has gone up from $0.1815 to $0.1824 in the early hours of Friday, following three straight bearish days. This Thursday, the price dipped below the green Ichimoku cloud and is currently looking to re-enter it. The MACD has had 16 consecutive red sessions, indicating that market momentum is entirely bearish. Eight out of the last nine sessions in the Elliott Oscillator have been bearish.
Support and Resistance
XRP/USD faces strong resistance levels at $0.1837 (green Ichimoku cloud), $0.186, $0.19, $0.1915 (SMA 20) and $0.1975 (SMA 50). On the downside, good support lies at $0.1816.
Key levels
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