Ripple Technical Analysis: XRP/USD bears take price below $0.185

XRP/USD bears remained in control for the second straight day.
Elliott Oscillator has had seven consecutive green sessions.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears remained in control for the second straight day as the price fell from $0.1852 to $0.1848. Despite the bearish price action, the Elliott Oscillator has had seven consecutive green sessions, showing that the overall market sentiment is still bullish. Finally, the RSI is trending around the neutral zone.

Support and Resistance

XRP/USD has strong resistance levels at $0.1889, $0.1917 (SMA 50) and $0.1927. On the downside, strong support lies at $0.1824, $0.1817 (SMA 20) and $0.1772.

Key levels

XRP/USD

Overview
Today last price	0.1849
Today Daily Change	-0.0004
Today Daily Change %	-0.22
Today daily open	0.1853

Trends
Daily SMA20	0.182
Daily SMA50	0.1922
Daily SMA100	0.1947
Daily SMA200	0.2087

Levels
Previous Daily High	0.1898
Previous Daily Low	0.1832
Previous Weekly High	0.1798
Previous Weekly Low	0.1729
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1857
Daily Fibonacci 61.8%	0.1873
Daily Pivot Point S1	0.1824
Daily Pivot Point S2	0.1795
Daily Pivot Point S3	0.1758
Daily Pivot Point R1	0.189
Daily Pivot Point R2	0.1927
Daily Pivot Point R3	0.1956

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.