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.

Rajarshi Mitra Independent Analyst

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

XRP/USD

Overview
Today last price	0.3192
Today Daily Change	0.0034
Today Daily Change %	1.08
Today daily open	0.3158

Trends
Daily SMA20	0.2898
Daily SMA50	0.2339
Daily SMA100	0.2149
Daily SMA200	0.2154

Levels
Previous Daily High	0.328
Previous Daily Low	0.2974
Previous Weekly High	0.3075
Previous Weekly Low	0.2687
Previous Monthly High	0.2608
Previous Monthly Low	0.1729
Daily Fibonacci 38.2%	0.3163
Daily Fibonacci 61.8%	0.3091
Daily Pivot Point S1	0.2995
Daily Pivot Point S2	0.2832
Daily Pivot Point S3	0.2689
Daily Pivot Point R1	0.33
Daily Pivot Point R2	0.3443
Daily Pivot Point R3	0.3606

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.