Ripple Price Analysis: XRP/USD bulls attempt comeback after price gets thwarted at $0.1773 line again
- XRP/USD bulls regained control after a bearish Thursday.
- The Elliott Oscillator has strung together two green sessions in a row.
XRP/USD daily chart
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XRP/USD bulls took charge following a bearish Thursday. The price has gone up from $0.1748 to $0.1755 in the early hours of Friday. The price continues to trend in the lower half of the 20-day Bollinger Band, while the RSI indicator is trending at the edge of the oversold zone. The Elliott Oscillator has strung together two green sessions in a row.
Support and Resistance
XRP/USD bulls face some considerable resistance level upfront. Up first, they will need to conquer the $0.1773 resistance line, which has repeatedly thwarted the buyers before. Additional resistance lies at $0.1825, $0.1838 (SMA 20) and $0.1936 (SMA 50).
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.
