Ripple Price Analysis: XRP/USD bulls try to conquer the $0.1772 resistance level

XRP/USD buyers have retained control for the second straight day.
The price is currently trending in a narrow channel between strong resistance and support levels.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls have retained control for the second straight day as the price has gone up slightly from $0.1766 to $0.1767. The price is trending in a narrow channel between the $0.1772 resistance and $0.1752 support levels. The price is currently trying to break above $0.1772 resistance line, which has repeatedly thwarted the bulls before.

The Elliott Oscillator has had a green session after eight consecutive red sessions. The RSI indicator is trending along the edge of the oversold zone.

Support and Resistance

XRP/USD bulls face stiff resistance at $0.1772, $0.1825, $0.1848 (SMA 20) and $0.1942 (SMA 50). On the downside, there is good support at $0.1752.

Key levels

XRP/USD

Overview
Today last price	0.1771
Today Daily Change	0.0005
Today Daily Change %	0.28
Today daily open	0.1766

Trends
Daily SMA20	0.1856
Daily SMA50	0.1948
Daily SMA100	0.194
Daily SMA200	0.2092

Levels
Previous Daily High	0.1783
Previous Daily Low	0.1739
Previous Weekly High	0.1905
Previous Weekly Low	0.1784
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1766
Daily Fibonacci 61.8%	0.1756
Daily Pivot Point S1	0.1742
Daily Pivot Point S2	0.1718
Daily Pivot Point S3	0.1698
Daily Pivot Point R1	0.1787
Daily Pivot Point R2	0.1807
Daily Pivot Point R3	0.1831

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.