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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.
Ripple Price Analysis: XRP/USD breaks above $0.19, bulls aims for $0.20 next
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.1953
Today Daily Change0.0158
Today Daily Change %8.80
Today daily open0.1795
 
Trends
Daily SMA200.1668
Daily SMA500.2057
Daily SMA1000.2217
Daily SMA2000.2375
 
Levels
Previous Daily High0.1824
Previous Daily Low0.1767
Previous Weekly High0.1871
Previous Weekly Low0.162
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1789
Daily Fibonacci 61.8%0.1802
Daily Pivot Point S10.1766
Daily Pivot Point S20.1738
Daily Pivot Point S30.1709
Daily Pivot Point R10.1824
Daily Pivot Point R20.1853
Daily Pivot Point R30.1882

Author

Rajarshi Mitra

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.

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