Ripple price analysis: XRP/USD creeps above the upper 20-day Bollinger Band curve

  • XRP/USD bounced off the $0.268 this Saturday and is trending in an upward channel pattern.
  • XRP/USD broke past the resistance at $0.284 today, in the process of negotiating with the $0.292-level.

XRP/USD spiked from $0.278 to $0.292, going up by 5% today. The daily chart shows us that the price bounced off the $0.268 this Saturday. The price has been trending in an upward channel pattern and broke past the $0.284 resistance level in the process. The bulls must shoot the price past the $0.302 resistance level to continue the positive momentum. The hourly chart shows us that the market has found intraday resistance at $0.292 and is struggling to break past it.

XRP/USD daily chart


The daily chart shows us that XRP/USD has peeked above the upper 20-day Bollinger curve. This indicates that the price is currently overvalued and may be facing bearish correction soon. The price is trending above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The Bollinger width shows us that it has widened from 0.217 to 0.235 over the last three days, indicating increasing market volatility. The Relative Strength Index (RSI) indicator is trending around 62.75 and the Elliott Oscillator has had a bullish session following two straight bearish sessions.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin: 100x growth in next 9 years?

BTCC head Bobby Lee waits for Bitcoin for $1 million in 9 years due to the unwise policy of central banks, as well as due to demand on "digital gold". But this is then, and for now, Bitcoin is unable to hold even above $9K.

More Bitcoin News

Litecoin (LTC) locked in a range amid low market activity

Litecoin (LTC), the sixth-largest digital asset, has been moving sideways recently. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. 

More Litecoin News

Crypto Today: China promises not to use digital Yuan to intrusion

The main actors of the crypto board continue to express the lack of trend force that began on Monday. Cardano stands out today with a rise of 2.15% against the US dollar.

More Cryptocurrencies News

Ripple price prediction: XRP/USD drifts towards $0.2700 – Confluence Detector

Ripple’s XRP has been drifting down towards the support area at $0.2700 since the beginning of the week. The coin touched $0.2893 low on Monday, though a host of stop orders located around $0.2700 stopped the sell-off and pushed the price to $0.2730.

More Ripple News


Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast