XRP/USD’s Elliott Oscillator has a green session following five straight red sessions

  • XRP/USD experiences bearish correction following Monday’s bullish action.
  • The MACD Indicator shows sustained bearish market momentum.

XRP/USD daily chart

XRP/USD fell from $0.1925 $0.1916 this Tuesday as the bears stepped in to correct the market following a bullish Monday. The MACD shows sustained bearish momentum, while the Elliott Oscillator has had a green session after five consecutive red sessions.

Support and Resistance

XRP/USD daily chart has stiff resistance levels at $0.193, $0.1981, SMA 20 and SMA 50.  Healthy support levels lie at $0.19 and $0.182.

Key levels