XRP/USD faces bearish correction following Friday’s bullish price action

• XRP/USD is currently priced around $0.1920.
• The MACD shows increasing bearish momentum.

XRP/USD daily chart

XRP/USD bears started the day strong as the price fell from $0.1930 $0.1920. The price is currently trending inside the 20-day Bollinger Band after jumping back inside it this Friday. The MACD shows increasing bearish momentum, while William’s %R is moving next to the oversold zone.

Support and Resistance

XRP/USD faces strong resistance at $0.194, $0.1988, SMA 20 and SMA 50. On the downside, there two healthy support levels at $0.1884 and $0.1819

Key levels