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Ripple Technical Analysis: Bullish recovery starts after two bearish days

  • XRP/USD bulls look to take back the $0.29 resistance level.
  • RSI trends along horizontally at 62.50.
Ripple Technical Analysis: Bullish recovery starts after two bearish days
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls stage a comeback following two bearish days, taking the price up from $0.2822 to $0.2850. The buyers aim for the $0.29 resistance level as the price keeps trending in a downward channel formation. The relative strength index (RSI) keeps trending horizontally around 62.50, right next to the overbought zone.

XRP/USD has two strong resistance levels at $0.29 and $0.311. On the downside, we have four healthy support levels at $0.273 (SMA 20), $0.243, $0.224 (SMA 50) and $0.206.

Key levels

XRP/USD

Overview
Today last price0.2855
Today Daily Change0.0032
Today Daily Change %1.13
Today daily open0.2823
 
Trends
Daily SMA200.2686
Daily SMA500.2216
Daily SMA1000.2106
Daily SMA2000.2137
 
Levels
Previous Daily High0.2873
Previous Daily Low0.272
Previous Weekly High0.3259
Previous Weekly Low0.2485
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.2779
Daily Fibonacci 61.8%0.2815
Daily Pivot Point S10.2737
Daily Pivot Point S20.2652
Daily Pivot Point S30.2584
Daily Pivot Point R10.289
Daily Pivot Point R20.2958
Daily Pivot Point R30.3043


 

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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