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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.
Ripple Technical Analysis: XRP/USD bulls take price above $0.27-level
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

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 price0.2717
Today Daily Change-0.0003
Today Daily Change %-0.11
Today daily open0.272
 
Trends
Daily SMA200.2888
Daily SMA500.2559
Daily SMA1000.224
Daily SMA2000.2163
 
Levels
Previous Daily High0.2734
Previous Daily Low0.2603
Previous Weekly High0.2922
Previous Weekly Low0.2547
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.2684
Daily Fibonacci 61.8%0.2653
Daily Pivot Point S10.2637
Daily Pivot Point S20.2554
Daily Pivot Point S30.2505
Daily Pivot Point R10.2769
Daily Pivot Point R20.2818
Daily Pivot Point R30.2901


 

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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