Rajarshi Mitra
Independent Analyst
- XRP/USD has re-entered the $0.20-level following bullish price action.
- The price managed to cross above the SMA 50 in the process.
XRP/USD daily chart
XRP/USD bulls took charge as the price went up from $0.1941 to $0.201, negating this Friday’s losses. The price re-entered the green Ichimoku cloud and managed to break above the SMA 50 curve, in the process. The MACD and Elliott Oscillator both show sustained bearish momentum.
The price faces strong resistance at SMA 20, $0.2155 and $0.2247. In the downside, healthy support lies at SMA 50, $0.1932, SMA 200 and $0.181.
Key levels
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