- The XRP / USD fell from $ 0.2022 to $ 0.1985 on Thursday, falling below the level of $ 0.20 in the process.
- The Elliott oscillator had 25 consecutive green sessions, going from -0.087 to 0.027.
XRP / USD daily chart
The XRP / USD bears remained under control in the early hours of Saturday as the price fell $ 0.1985 to $ 0.1983. The price is consolidating in triangle and found support on the SMA 50 curve. On Wednesday, the price climbed above the 20-day Bollinger band, but encountered resistance on the downward trend line. To reverse the negative dynamic, bulls must take the price up to $ 0.2010 to break above the formation of the triangle. Elliott oscillator got 25 straight green sessions, having gone from -0.087 to 0.027.