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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.

XRP/USD daily chart

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 price0.2056
Today Daily Change0.0203
Today Daily Change %10.96
Today daily open0.1853
 
Trends
Daily SMA200.182
Daily SMA500.1922
Daily SMA1000.1947
Daily SMA2000.2087
 
Levels
Previous Daily High0.1898
Previous Daily Low0.1832
Previous Weekly High0.1798
Previous Weekly Low0.1729
Previous Monthly High0.2147
Previous Monthly Low0.1692
Daily Fibonacci 38.2%0.1857
Daily Fibonacci 61.8%0.1873
Daily Pivot Point S10.1824
Daily Pivot Point S20.1795
Daily Pivot Point S30.1758
Daily Pivot Point R10.189
Daily Pivot Point R20.1927
Daily Pivot Point R30.1956

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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