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Ripple Price Analysis: XRP/USD encounters resistance at the SMA 200 curve

  • XRP/USD is hovering above the 20-day Bollinger Band.
  • The RSI indicator is trending at the edge of the overbought zone.
Ripple Price Analysis: XRP/USD encounters resistance at the SMA 200 curve
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD has gone up slightly from $0.2265 to $0.2269 in the early hours of Thursday as the bulls retained control for the tenth straight day. The price has encountered resistance at the SMA 200. The 20-day Bollinger jaw has widened, which indicates increasing price volatility. XRP/USD is currently overpriced since it’s hovering above the 20-day Bollinger Band and the RSI indicator is trending at the edge of the overbought zone.

Key levels

XRP/USD

Overview
Today last price0.2269
Today Daily Change0.0004
Today Daily Change %0.18
Today daily open0.2265
 
Trends
Daily SMA200.1928
Daily SMA500.1786
Daily SMA1000.2173
Daily SMA2000.229
 
Levels
Previous Daily High0.2309
Previous Daily Low0.2128
Previous Weekly High0.1999
Previous Weekly Low0.1784
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.224
Daily Fibonacci 61.8%0.2197
Daily Pivot Point S10.2159
Daily Pivot Point S20.2054
Daily Pivot Point S30.1979
Daily Pivot Point R10.234
Daily Pivot Point R20.2414
Daily Pivot Point R30.252


 

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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