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.

Rajarshi Mitra Independent Analyst

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 price	0.2393
Today Daily Change	0.0085
Today Daily Change %	3.68
Today daily open	0.2308

Trends
Daily SMA20	0.2042
Daily SMA50	0.1935
Daily SMA100	0.1984
Daily SMA200	0.2094

Levels
Previous Daily High	0.2349
Previous Daily Low	0.2176
Previous Weekly High	0.2106
Previous Weekly Low	0.192
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.2283
Daily Fibonacci 61.8%	0.2242
Daily Pivot Point S1	0.2206
Daily Pivot Point S2	0.2104
Daily Pivot Point S3	0.2033
Daily Pivot Point R1	0.2379
Daily Pivot Point R2	0.2451
Daily Pivot Point R3	0.2552

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.