Ripple Price Analysis: XRP/USD breaks above $0.19, bulls aims for $0.20 next
- XRP/USD is trending above the 20-day Bollinger Band, indicating that the asset is currently overvalued.
- The RSI indicator has jumped from 51.02 to 59.18.
XRP/USD daily chart
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XRP/USD bulls are well and truly in control as the price has risen from $0.1794 to $0.1955, going past crucial psychological levels at $0.18 and $0.19. To continue this upward momentum, the bulls must go past $0.2039 to push the price above the SMA 50 curve. However, the price has already crossed above the SMA 20 Bollinger Band, indicating that the asset is currently overpriced. This means that a short-term bearish correction may be around the corner. The MACD indicates increasing bullish momentum, while the RSI indicator has jumped from 51.02 to 59.18.
Key levels
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
