TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

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.

More from Rajarshi Mitra
Share:

Editor's Picks

Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.