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.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

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

XRP/USD

Overview
Today last price	0.1953
Today Daily Change	0.0158
Today Daily Change %	8.80
Today daily open	0.1795

Trends
Daily SMA20	0.1668
Daily SMA50	0.2057
Daily SMA100	0.2217
Daily SMA200	0.2375

Levels
Previous Daily High	0.1824
Previous Daily Low	0.1767
Previous Weekly High	0.1871
Previous Weekly Low	0.162
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1789
Daily Fibonacci 61.8%	0.1802
Daily Pivot Point S1	0.1766
Daily Pivot Point S2	0.1738
Daily Pivot Point S3	0.1709
Daily Pivot Point R1	0.1824
Daily Pivot Point R2	0.1853
Daily Pivot Point R3	0.1882

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.