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Ripple Price Analysis: XRP/USD shoots above the 20-day Bollinger Band as bulls take control

  • XRP/USD bulls remained in control for two days.
  • William’s %R is trending inside the overbought zone so a short-term bearish correction is round the corner.
Ripple Price Analysis: XRP/USD shoots above the 20-day Bollinger Band as bulls take control
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.2112 to $0.2115 as the bulls remained in control of the market for the second straight day. Following this Monday’s bullish action, the price shot above the 20-day Bollinger Band. This – along with the fact that William’s %R is trending in the overbought zone – shows that the price is overvalued and will soon face bearish correction. The MACD shows increasing bullish momentum.

Support and Resistance

The bulls face strong resistance at SMA 200, $0.219 and $0.2265. On the downside, the price is supported by $0.204, SMA 50, SMA 20 and $0.1945.

Key levels

XRP/USD

Overview
Today last price0.212
Today Daily Change0.0008
Today Daily Change %0.38
Today daily open0.2112
 
Trends
Daily SMA200.2004
Daily SMA500.2012
Daily SMA1000.1973
Daily SMA2000.2152
 
Levels
Previous Daily High0.2129
Previous Daily Low0.2013
Previous Weekly High0.2031
Previous Weekly Low0.1855
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.2085
Daily Fibonacci 61.8%0.2058
Daily Pivot Point S10.204
Daily Pivot Point S20.1969
Daily Pivot Point S30.1924
Daily Pivot Point R10.2156
Daily Pivot Point R20.2201
Daily Pivot Point R30.2272


 

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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