XRP/USD bears take over to dip back into the green Ichimoku cloud

  • XRP/USD bears took over following a heavily bullish Wednesday.
  • The MACD shows decreasing bearish momentum.
  • The Elliott Oscillator has had eight straight red sessions.

XRP/USD daily chart

XRP/USD dropped from $0.1979 to $0.1978 in the early hours of Thursday, following a heavily bullish Wednesday. In the process, the price has dipped back inside the green Ichimoku cloud. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had eight straight red sessions.

The price faces strong resistance levels on the upside at $0.203 and $0.206. On the downside, healthy support levels lie at $0.1934 and $0.188.

Key levels