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Ripple Price Analysis: XRP/USD bulls consolidate price above the $0.30-level

  • XRP/USD bulls take over control, following bearish Tuesday.
  • The price continues to consolidate above the $0.30 level.
Ripple Price Analysis: XRP/USD bulls consolidate price above the $0.30-level
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls stepped back into the market following a bearish Tuesday as the price crept above the upward trending line. The price has gone up slightly from $0.3027 to $0.3041. The 20-day Bollinger Band has narrowed, showing decreasing price volatility. 

The Elliott Oscillator has had two straight red sessions, showing that the market sentiment is presently bearish. The relative strength index (RSI) indicator is trending alongside the overbought zone. The price chart shows two strong resistance levels at $0.3059 and $0.3175. On the downside, we have two healthy support levels at $0.297 (SMA 20) and $0.282.

Key levels

XRP/USD

Overview
Today last price0.3028
Today Daily Change0.0000
Today Daily Change %0.00
Today daily open0.3028
 
Trends
Daily SMA200.2928
Daily SMA500.2365
Daily SMA1000.216
Daily SMA2000.2157
 
Levels
Previous Daily High0.3219
Previous Daily Low0.2981
Previous Weekly High0.3075
Previous Weekly Low0.2687
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.3072
Daily Fibonacci 61.8%0.3128
Daily Pivot Point S10.2933
Daily Pivot Point S20.2838
Daily Pivot Point S30.2695
Daily Pivot Point R10.3171
Daily Pivot Point R20.3314
Daily Pivot Point R30.3408


 

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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Ripple Price Analysis: XRP/USD bulls consolidate price above the $0.30-level