Rajarshi Mitra
Independent Analyst
- Earlier this Monday, the XRP/USD bulls broke past the downward trending line.
- The bulls have managed to stay in charge as markets opened this Tuesday.
- The Elliott Oscillator has had a green session following five straight red sessions.
XRP/USD daily chart
XRP/USD bulls remained in control for the second straight day as the price went up from $0.1895 to $0.1904, breaking past the $0.19 psychological level. Earlier this Monday, the XRP/USD bulls took charge of the market and drove the price above the downward trending line. The MACD shows decreasing market momentum, while the Elliott Oscillator has had a green session following five straight red sessions.
Support and Resistance
XRP/USD bulls need to overcome strong resistance at $0.1923, SMA 20, $0.1968 and SMA 50 to continue the upward momentum. On the downside, healthy support lies at $0.1858.
Key levels
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