Ripple Price Analysis: XRP/USD keeps trending horizontally in the lower part of 20-day Bollinger Band

XRP/USD bulls wrest control from the bears this Wednesday.
The MACD shows decreasing bearish momentum.
The Elliott Oscillator has had two straight green sessions.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD went up from $0.1923 to $0.1926 this Wednesday as the bulls took back control after a bearish Tuesday. The price is trending horizontally in the lower half of the 20-day Bollinger Band and struggling to break above the $0.1933 resistance level. The MACD shows decreasing bearish market momentum, while the Elliott Oscillator has had two consecutive green sessions.

Support and Resistance

XRP/USD faces strong resistance at $0.1933, $0.198, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.19 and $0.18825.

Key levels

XRP/USD

Overview
Today last price	0.1926
Today Daily Change	0.0003
Today Daily Change %	0.16
Today daily open	0.1923

Trends
Daily SMA20	0.1999
Daily SMA50	0.2038
Daily SMA100	0.191
Daily SMA200	0.2121

Levels
Previous Daily High	0.1941
Previous Daily Low	0.19
Previous Weekly High	0.2053
Previous Weekly Low	0.1844
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1916
Daily Fibonacci 61.8%	0.1925
Daily Pivot Point S1	0.1902
Daily Pivot Point S2	0.1881
Daily Pivot Point S3	0.1862
Daily Pivot Point R1	0.1943
Daily Pivot Point R2	0.1962
Daily Pivot Point R3	0.1983

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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Ripple Price Analysis: XRP/USD keeps trending horizontally in the lower part of 20-day Bollinger Band