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.

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
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.
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