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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.
Ripple Price Analysis: XRP/USD bulls stay in control as upward trending line holds strong
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.1843
Today Daily Change0.0007
Today Daily Change %0.38
Today daily open0.1836
 
Trends
Daily SMA200.1882
Daily SMA500.1829
Daily SMA1000.2199
Daily SMA2000.2316
 
Levels
Previous Daily High0.1867
Previous Daily Low0.1814
Previous Weekly High0.1962
Previous Weekly Low0.1741
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1847
Daily Fibonacci 61.8%0.1834
Daily Pivot Point S10.1811
Daily Pivot Point S20.1786
Daily Pivot Point S30.1758
Daily Pivot Point R10.1864
Daily Pivot Point R20.1892
Daily Pivot Point R30.1917


 

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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