Ripple Price Analysis: XRP/USD bulls stay in control as upward trending line holds strong

XRP/USD broke above the SMA 50.
The 20-day Bollinger jaw has narrowed, showing decreasing price volatility.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD went up from $0.1834 to $0.1847, as the bulls remained in control of the market. The price bounced off the support provided by the upward trending line and broke above the SMA 50 curve. The 20-day Bollinger jaw has narrowed, showing decreasing price volatility. The buyers will aim to take the price above the $0.19-level and break past the SMA 20. The MACD indicates that despite the bullish price action, the overall market momentum is slightly bearish.

Key levels

XRP/USD

Overview
Today last price	0.1843
Today Daily Change	0.0007
Today Daily Change %	0.38
Today daily open	0.1836

Trends
Daily SMA20	0.1882
Daily SMA50	0.1829
Daily SMA100	0.2199
Daily SMA200	0.2316

Levels
Previous Daily High	0.1867
Previous Daily Low	0.1814
Previous Weekly High	0.1962
Previous Weekly Low	0.1741
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1847
Daily Fibonacci 61.8%	0.1834
Daily Pivot Point S1	0.1811
Daily Pivot Point S2	0.1786
Daily Pivot Point S3	0.1758
Daily Pivot Point R1	0.1864
Daily Pivot Point R2	0.1892
Daily Pivot Point R3	0.1917

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.