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Ripple Technical Analysis: XRP/USD clings on to the lower curve of 20-day Bollinger Band

  • XRP/USD has fallen below the $0.30-level.
  • William’s %R indicates that the asset is presently undervalued.
Ripple Technical Analysis: XRP/USD clings on to the lower curve of 20-day Bollinger Band
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears have stated in control of the market for the second straight day. The price is presently trending in a downward channel formation and hugging along the lower curve of the 20-day Bollinger Band. XRP/USD has currently fallen from $0.2663 and $0.3014 in the early hours of Friday. The Elliott Oscillator has had 11 straight red sessions wherein it dropped from 0.046 to -0.008. William’s %R is still hovering inside the oversold zone, which indicates that the asset is presently undervalued.

 The daily price chart shows us that XRP/USD has three strong resistance levels at $0.2876, $0.2882 (SMA 20) and $0.302. On the downside, we have three healthy support levels at $0.2596, $0.2554 (SMA 50) and $0.2448.

Key levels

XRP/USD

Overview
Today last price0.2625
Today Daily Change-0.0020
Today Daily Change %-0.76
Today daily open0.2645
 
Trends
Daily SMA200.29
Daily SMA500.2545
Daily SMA1000.2233
Daily SMA2000.2164
 
Levels
Previous Daily High0.2784
Previous Daily Low0.2547
Previous Weekly High0.328
Previous Weekly Low0.2773
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.2638
Daily Fibonacci 61.8%0.2694
Daily Pivot Point S10.2533
Daily Pivot Point S20.2422
Daily Pivot Point S30.2296
Daily Pivot Point R10.277
Daily Pivot Point R20.2896
Daily Pivot Point R30.3007


 

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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