XRP/USD bulls start strong as the price trends inside the green Ichimoku cloud

  • XRP/USD continues to consolidate below the $0.20-level.
  • The SMA 50 is about to cross over the SMA 20 to chart a bearish cross.
  • The MACD shows that the market momentum remains bearish.

XRP/USD daily chart

XRP/USD bulls took charge after a bearish Tuesday as the price went up from $0.1937 to $0.1941. The price is still trending inside the green Ichimoku cloud, while the SMA 50 is looking to cross over the SMA 20, to potentially chart a bearish cross pattern. The MACD indicates that market momentum is currently bearish.

On the upside, XRP/USD bulls face resistance at $0.20, SMA 50, SMA 20 and $0.2116. On the downside, healthy support levels lie at $0.1887 and $0.1815.

Key levels