Ripple technical analysis: XRP/USD bulls take control and attempt to break above the SMA 20 curve

• The MACD indicator in the daily XRP/USD chart shows increasing bullish momentum.
• The four-hour XRP/USD chart has broken above the green Ichimoku cloud.

XRP/USD daily chart

XRP/USD is on the verge of charting three bullish days in a row, breaking above the downward trending line in the process. So far this Saturday, XRP/USD has gone up slightly from $0.2265 to $0.227. Currently, the price is negotiating with resistance at the 20-day Simple Moving Average (SMA 20) curve. The Moving Average Convergence/Divergence (MACD) indicator shows increasing bullish momentum.

XRP/USD four-hour chart

The four-hour XRP/USD has broken above the green Ichimoku cloud and is trending in an upwards channel formation. The market is floating above the SMA 20 and SMA 50 curves, while the Elliott Oscillator has had 10 straight green sessions.

XRP/USD hourly chart

The hourly XRP/USD was trying to break above the 20-day Bollinger Band, before facing bearish correction. The market is trending in an upwards channel formation and is floating above the SMA 20, SMA 50 and SMA 200 curves. The Relative Strength Index (RSI) indicator is at 63.35, right next to the overbought zone.

Key Levels