- The MACD in the daily chart shows that market momentum has reversed from bearish to bullish.
- The bulls have run out of momentum near the $0.1968 resistance level in the hourly chart.
XRP/USD daily chart
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XRP/USD went up from $0.1883 to $0.196 this Thursday, breaking above the triangle formation, in the process. The price bounced off the support provided by the SMA 20 curve. The bulls must aim to enter the $0.20 psychological level and the $0.2026 resistance line to continue the upward momentum. The MACD shows that market momentum has reversed from bearish to bullish.
XRP/USD hourly chart
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The hourly XRP/USD chart shows that the bulls have run out of steam at the $0.1968 mark. The hourly price is presently trending horizontally. The 20-day Bollinger jaw has widened, which indicates increasing price volatility. The Elliott Oscillator has had four red sessions out of the last five. The RSI was hugging the edge of the overbought zone before dipping a bit to 63.
Key levels
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