Ripple Price Analysis: Finally the 0.20 level is broken!

Ripple trades 4.7% higher on the session as sentiment break higher.
The price has now conclusively broken the 0.20 psychological level.

XRP/USD 4-hour chart

Ripple has had a great session after a few days of desperately thin price action. The bulls have managed to take the price to reach a high of 0.2106. The next resistance is very close by at the purple horizontal line (0.2131). The price is also trading about two key moving averages. The 200 and 55 moving averages are both under the current price point and could provide support if the market pulls back. In addition to this, there is also a trendline in place that's if the 0.20 gets broken again to the downside.

Looking at the indicators, the relative strength index indicator has also moved into the overbought zone. This indicates there could be a short term pullback, if the pullback is deeper than expected then the orange support line at 0.1750 could be the level to watch. For now, all eyes are on higher levels and the bulls remain in charge.

Additional levels

XRP/USD

Overview
Today last price	0.2074
Today Daily Change	0.0097
Today Daily Change %	4.91
Today daily open	0.1977

Trends
Daily SMA20	0.1908
Daily SMA50	0.1782
Daily SMA100	0.2176
Daily SMA200	0.2296

Levels
Previous Daily High	0.1997
Previous Daily Low	0.1944
Previous Weekly High	0.1999
Previous Weekly Low	0.1784
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1977
Daily Fibonacci 61.8%	0.1964
Daily Pivot Point S1	0.1948
Daily Pivot Point S2	0.1919
Daily Pivot Point S3	0.1895
Daily Pivot Point R1	0.2002
Daily Pivot Point R2	0.2026
Daily Pivot Point R3	0.2055

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