Ripple Technical Analysis: XRP/USD bulls remain in charge for three consecutive days
- XRP/USD bulls aim to take price above the $0.32-level.
- The RSI is creeping along the edge of the overbought zone.
XRP/USD daily chart
XRP/USD bulls have stayed in control for three straight days. The price has gone up from $0.3157 $0.3188 in the early hours of Tuesday. In the daily price chart, we have three healthy support levels at $0.312, $0.294 (SMA 20) and $0.29.
The Elliott Oscillator has three straight green sessions. Finally, the relative strength index (RSI) shows that the price is creeping along the edge of the overbought zone. This indicates that the asset is presently slightly overvalued.
Key levels
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.
