Ripple technical analysis: XRP/USD aims to break past the $0.302 level to continue positive momentum


  • The four-hour chart has peeked above the 20-day Bollinger band.
  • XRP/USD spiked from $0.293 to $0.2998 in just one hour.

XRP/USD daily chart

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XRP/USD has gone up from $0.293 to $0.298 so far today. The market has found support on the upward trending line. The bulls will need to break past the resistance provided by the $0.302 level to continue its upward momentum. The Moving Average Convergence/Divergence (MACD) indicates sustained, yet decreasing bullish momentum.

XRP/USD four-hour chart

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The four-hour XRP/USD chart has peeked above the 20-day Bollinger band, which indicates that the price is overvalued and may face correction soon. Along with the upward trending line, the price has also found support on the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. The Elliott Oscillator has had a significant spike in its latest session, going up from 0 to 0.0016.

XRP/USD hourly chart

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The hourly XRP/USD chart has spiked up from the green Ichimoku cloud, going up from $0.293 to $0.2998 in just one hour. The Relative Strength Index (RSI) indicator jumped into the overbought zone before dipping down to 65.62.

Key Levels

XRP/USD

Overview
Today last price 0.2991
Today Daily Change 0.0060
Today Daily Change % 2.05
Today daily open 0.2931
 
Trends
Daily SMA20 0.2744
Daily SMA50 0.2673
Daily SMA100 0.282
Daily SMA200 0.3287
 
Levels
Previous Daily High 0.295
Previous Daily Low 0.2893
Previous Weekly High 0.3041
Previous Weekly Low 0.2718
Previous Monthly High 0.327
Previous Monthly Low 0.2168
Daily Fibonacci 38.2% 0.2914
Daily Fibonacci 61.8% 0.2928
Daily Pivot Point S1 0.2899
Daily Pivot Point S2 0.2867
Daily Pivot Point S3 0.2842
Daily Pivot Point R1 0.2957
Daily Pivot Point R2 0.2982
Daily Pivot Point R3 0.3014

 


 

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