Ripple Technical Analysis: XRP/USD bulls jump the price above the $0.2–level

The Elliott Oscillator has had seven straight green sessions.
The RSI is hovering inside the overbought zone.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls stayed in control of the market for the third straight day as the price went up from $0.1852 to $0.2050. The Elliott Oscillator has had seven straight green sessions. The RSI has entered the overbought zone, while the price is trending above the 20-day Bollinger Band. These two indicate that price is currently overvalued, so a bearish correction is expected. The widening of the Bollinger jaw suggests increasing price volatility.

Support and Resistance

XRP/USD has one strong resistance at $0.2052. On the downside, healthy support lies at $0.1927 (SMA 50), $0.1856 and $0.1828 (SMA 20).

Key levels

XRP/USD

Overview
Today last price	0.2056
Today Daily Change	0.0203
Today Daily Change %	10.96
Today daily open	0.1853

Trends
Daily SMA20	0.182
Daily SMA50	0.1922
Daily SMA100	0.1947
Daily SMA200	0.2087

Levels
Previous Daily High	0.1898
Previous Daily Low	0.1832
Previous Weekly High	0.1798
Previous Weekly Low	0.1729
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1857
Daily Fibonacci 61.8%	0.1873
Daily Pivot Point S1	0.1824
Daily Pivot Point S2	0.1795
Daily Pivot Point S3	0.1758
Daily Pivot Point R1	0.189
Daily Pivot Point R2	0.1927
Daily Pivot Point R3	0.1956

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.