• XRP/USD fell from $0.1653 to $0.1572 this Friday.
  • The signal line is touching the MACD line, which shows that market momentum will reverse from bearish to bullish.

Key Levels

  • Open: $0.1569 
  • High: $0.1598 
  • Low: $0.1544
  • R3: $0.2039
  • R2: $0.1897
  • R1: $0.1733
  • PP: $0.1591
  • S1: $0.1427
  • S2: $0.1285
  • S3: $0.1121

XRP/USD daily chart

XRP/USD daily chart

XRP/USD regained control of the market this Saturday as the price went up from $0.1572 to $0.161. This followed a bearish Friday wherein it fell from $0.1653 to $0.1572. The price is trending upward in a flag formation and hovering below the SMA 20, SMA 50 and SMA 200 curves. 

The signal line is touching the MACD line, which shows that market momentum will reverse from bearish to bullish. The Elliott Oscillator has had five consecutive green sessions, while the RSI indicator is trending horizontally around 40.35.
 

Get the 5 most predictable currency pairs

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here