Home Ripple Price Analysis: XRP/USD bulls in control as they look to conquer $0.1876 resistance line
Crypto News

Ripple Price Analysis: XRP/USD bulls in control as they look to conquer $0.1876 resistance line

FX Street
Published date:
  • XRP/USD has broken above the bullish pennant structure.
  • XRP/USD had gone up from $0.1758 to $0.1785 this Thursday.
  • The RSI indicator is floating around the neutral zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1785 to $0.1794 in the early hours of Friday. In the process, the buyers managed to stay in control for the fifth straight day as they broke above the bullish pennant structure. The 20-day Bollinger jaw is widening again, indicating increasing price volatility. The wick of this Thursday’s green candle had crept above the Bollinger Band before retracing its steps back inside. The RSI indicator has been hovering in the neutral zone, while the MACD shows sustained bullish momentum and is trending around 0.00569.

Key Levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026