XRP/USD Daily Chart
- XRP/USD is priced at $0.335 as markets opened this Friday.
- The market was trending in a channel and had a bullish breakout. Currently, the market is going through a consolidation period.
- The latest session took the price below the SMA 20 curve.
- The SMA 200 is trending above the market, and the SMA 50 is trending below the market.
- The Elliot Wave Oscillator shows three consecutive bullish sessions with increasing intensity.
- On the upside, resistance levels are at $0.343, $0.350, and $0.355.
- On the downside, support levels are at $0.33, $0.323, and $0.319.
XRP/USD 4-Hour Chart
- The five latest sessions of the XRP/USD 4-hour chart has taken the price back into the 20-day Bollinger band and towards the SMA 20 curve.
- The downward trending line acts as immediate resistance.
- The MACD line is about to converge with the signal line to show decreasing bullish momentum.
XRP/USD Hourly Chart
- The hourly XRP/USD chart is trending inside a channel.
- The Ichimoku indicator shows that market sentiment could turn from bearish to bullish soon.
- The market has found support on the SMA 50 curve.
- The relative strength index (RSI) indicator has dived into the oversold territory.
BEST BROKERS TO TRADE CRYPTO
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.