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Home Market Analysis

XRP/USD drops after losing momentum at the $0.19–level

by The Future Coin
June 24, 2020
in Market Analysis
0
XRP bulls are fighting to keep hold of the 0.20 handle
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  • XRP/USD experienced a bearish correction, following a bullish Monday.
  • The Elliott Oscillator has had a green session following five consecutive red sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD dropped from $0.1895 to $0.1892 after losing momentum at the $0.19 level. The signal line is about to crossover the MACD line, showing an upcoming reversal in bearish market momentum. The Elliott Oscillator has had a green session following five consecutive red sessions.

Support and Resistance

The market has strong resistance levels at $0.19, $0.1932, SMA 20 and SMA 50.  On the downside, XRP/USD has one healthy support at $0.186.

Key levels

 

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