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Ripple Price Analysis: XRP/USD encounters resistance at the SMA 200 curve

FX Street
Published date:
  • XRP/USD is hovering above the 20-day Bollinger Band.
  • The RSI indicator is trending at the edge of the overbought zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD has gone up slightly from $0.2265 to $0.2269 in the early hours of Thursday as the bulls retained control for the tenth straight day. The price has encountered resistance at the SMA 200. The 20-day Bollinger jaw has widened, which indicates increasing price volatility. XRP/USD is currently overpriced since it’s hovering above the 20-day Bollinger Band and the RSI indicator is trending at the edge of the overbought zone.

Key levels

 

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