- XRP/USD dropped below the $0.30-level and the SMA 20 curve this Wednesday.
- Immediate market resistance lies at the SMA 20 curve.
XRP/USD daily chart

XRP/USD bears remained in control as the price went down further to $0.288. This Wednesday’s bearish price action saw the price dip below the $0.30-level and the 20-day Simple Moving Average (SMA 20) curve.
The Elliott Oscillator has had three straight red sessions, showing that current short-term market sentiment is bearish. XRP/USD has two strong resistance levels at $0.297 (SMA 20) and $0.31. On the downside, we have healthy support at $0.283. The 20-day Bollinger jaw has considerably narrowed down, which shows decreasing price volatility.
Key levels
XRP/USD
| OVERVIEW | |
|---|---|
| Today last price | 0.2887 |
| Today Daily Change | -0.0013 |
| Today Daily Change % | -0.45 |
| Today daily open | 0.29 |
| TRENDS | |
|---|---|
| Daily SMA20 | 0.2951 |
| Daily SMA50 | 0.2388 |
| Daily SMA100 | 0.217 |
| Daily SMA200 | 0.216 |
| LEVELS | |
|---|---|
| Previous Daily High | 0.3062 |
| Previous Daily Low | 0.2792 |
| Previous Weekly High | 0.3075 |
| Previous Weekly Low | 0.2687 |
| Previous Monthly High | 0.2608 |
| Previous Monthly Low | 0.1729 |
| Daily Fibonacci 38.2% | 0.2895 |
| Daily Fibonacci 61.8% | 0.2959 |
| Daily Pivot Point S1 | 0.2774 |
| Daily Pivot Point S2 | 0.2648 |
| Daily Pivot Point S3 | 0.2505 |
| Daily Pivot Point R1 | 0.3044 |
| Daily Pivot Point R2 | 0.3188 |
| Daily Pivot Point R3 | 0.3314 |
Reprinted from fxstreet , the copyrights all reserved by the original author.
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