Ripple Technical Analysis: XRP/USD bulls take charge to push price back above $0.20–level
|- XRP/USD bulls took back control after two straight bearish days.
- The Elliott Oscillator has had ten straight green sessions.
XRP/USD daily chart
XRP/USD bulls took control of the market, following two consecutive bearish sessions as the price went up from $0.1991 to $0.2001. The RSI is trending right next to the overbought zone, while the Elliott Oscillator has had ten straight green sessions. This indicates that the overall market sentiment is presently bullish.
Support and Resistance
XRP/USD faces one strong resistance level at $0.205. On the downside, healthy support lies at $0.1986, $0.1935, $0.1923 (SMA 50) and $0.1848 (SMA 20).
Key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.