Ripple Technical Analysis: XRP/USD bulls take price above $0.27-level

XRP/USD has had two straight bullish sessions.
The Elliott Oscillator has had 12 straight red sessions, dropping from 0.048 to -0.0115.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls retained control of the market as the price went up from $0.2645 to $0.2721 in the early hours of Saturday. The price is trending in a downward channel formation and hovering inside the lower half of the 20-day Bollinger Band. The Elliott Oscillator has had 12 straight red sessions, dropping from 0.048 to -0.0115. This indicates that the overall market sentiment is still bearish.

William’s %R has crept out of the oversold zone and is currently trending around -74. XRP/USD daily chart has strong resistance levels at $0.2864 (SMA 20) and $0.3017. On the downside, we have two healthy support levels at $0.2589 (SMA 50) and $0.2447.

Key levels

XRP/USD

Overview
Today last price	0.2717
Today Daily Change	-0.0003
Today Daily Change %	-0.11
Today daily open	0.272

Trends
Daily SMA20	0.2888
Daily SMA50	0.2559
Daily SMA100	0.224
Daily SMA200	0.2163

Levels
Previous Daily High	0.2734
Previous Daily Low	0.2603
Previous Weekly High	0.2922
Previous Weekly Low	0.2547
Previous Monthly High	0.2608
Previous Monthly Low	0.1729
Daily Fibonacci 38.2%	0.2684
Daily Fibonacci 61.8%	0.2653
Daily Pivot Point S1	0.2637
Daily Pivot Point S2	0.2554
Daily Pivot Point S3	0.2505
Daily Pivot Point R1	0.2769
Daily Pivot Point R2	0.2818
Daily Pivot Point R3	0.2901

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.