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.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

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

XRP/USD

Overview
Today last price	0.1754
Today Daily Change	0.0005
Today Daily Change %	0.29
Today daily open	0.1749

Trends
Daily SMA20	0.1847
Daily SMA50	0.1942
Daily SMA100	0.1941
Daily SMA200	0.209

Levels
Previous Daily High	0.1773
Previous Daily Low	0.1729
Previous Weekly High	0.1905
Previous Weekly Low	0.1784
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1746
Daily Fibonacci 61.8%	0.1756
Daily Pivot Point S1	0.1728
Daily Pivot Point S2	0.1707
Daily Pivot Point S3	0.1685
Daily Pivot Point R1	0.1771
Daily Pivot Point R2	0.1794
Daily Pivot Point R3	0.1814

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.