Rajarshi Mitra
Independent Analyst
- XRP/USD experienced a bearish correction, following a bullish Monday.
- The Elliott Oscillator has had a green session following five consecutive red sessions.
XRP/USD daily chart
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XRP/USD dropped from $0.1895 to $0.1892 after losing momentum at the $0.19 level. The signal line is about to crossover the MACD line, showing an upcoming reversal in bearish market momentum. The Elliott Oscillator has had a green session following five consecutive red sessions.
Support and Resistance
The market has strong resistance levels at $0.19, $0.1932, SMA 20 and SMA 50. On the downside, XRP/USD has one healthy support at $0.186.
Key levels
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