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Ripple Price Outlook: XRP/USD bulls in complete control, aim for $0.25 psychological level

  • XRP/USD bulls retained control for the fifth straight day.
  • The Elliott Oscillator has had nine consecutive green sessions.
Ripple Price Outlook: XRP/USD bulls in complete control, aim for $0.25 psychological level
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls retained control for the fifth straight day as the price went up from $0.2246 to $0.2378. Over the last four days, XRP/USD has been sitting on top of the 20-day Bollinger Band, showing that it’s currently overvalued. The RSI has also crept into the overpriced zone, indicating that a slight bearish correction is nigh. The Elliott Oscillator has had nine consecutive green sessions, showing that the present market sentiment is overwhelmingly bullish.

XRP/USD has the following healthy support levels – $0.226, $0.2187, $0.2098 (SMA 200), $0.2061 (SMA 20) and $0.1945 (SMA 50).

Key levels

XRP/USD

Overview
Today last price0.2393
Today Daily Change0.0085
Today Daily Change %3.68
Today daily open0.2308
 
Trends
Daily SMA200.2042
Daily SMA500.1935
Daily SMA1000.1984
Daily SMA2000.2094
 
Levels
Previous Daily High0.2349
Previous Daily Low0.2176
Previous Weekly High0.2106
Previous Weekly Low0.192
Previous Monthly High0.2147
Previous Monthly Low0.1692
Daily Fibonacci 38.2%0.2283
Daily Fibonacci 61.8%0.2242
Daily Pivot Point S10.2206
Daily Pivot Point S20.2104
Daily Pivot Point S30.2033
Daily Pivot Point R10.2379
Daily Pivot Point R20.2451
Daily Pivot Point R30.2552


 

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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