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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

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 price0.1754
Today Daily Change0.0005
Today Daily Change %0.29
Today daily open0.1749
 
Trends
Daily SMA200.1847
Daily SMA500.1942
Daily SMA1000.1941
Daily SMA2000.209
 
Levels
Previous Daily High0.1773
Previous Daily Low0.1729
Previous Weekly High0.1905
Previous Weekly Low0.1784
Previous Monthly High0.2147
Previous Monthly Low0.1692
Daily Fibonacci 38.2%0.1746
Daily Fibonacci 61.8%0.1756
Daily Pivot Point S10.1728
Daily Pivot Point S20.1707
Daily Pivot Point S30.1685
Daily Pivot Point R10.1771
Daily Pivot Point R20.1794
Daily Pivot Point R30.1814


 

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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