Ripple Price Analysis: XRP/USD settles above SMA 20 as price looks to break past $0.18 barrier
- XRP/USD flew up from $0.162 to $0.176 this Thursday.
- Both MACD and Elliott Oscillator indicate increasing bullish sentiment.
Key Levels
- Current Price: $0.1775
- Open: $0.1766
- High: $0.1803
- Low: $0.1761
- R3: $0.2009
- R2: $0.1894
- R1: $0.1830
- PP: $0.1715
- S1: $0.1651
- S2: $0.1537
- S3: $0.1473
XRP/USD daily chart
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XRP/USD remained in control this Friday as the price went up from $0.1766 to $0.1775. This followed a heavily bullish Thursday where the price spiked from $0.162 to $0.176, going above the SMA 20 curve in the process. To go past the $0.18 psychological level, XRP/USD will need to break above the upward channel formation. Both the MACD and Elliott Oscillator indicate increasing bullish sentiment while the RSI indicator had risen from 41.42 to 50 this Thursday following bullish price action. The 20-day Bollinger jaw has narrowed considerably, indicating decreasing price volatility.
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.
