Home Ripple Price Analysis: XRP/USD keeps trending horizontally in the lower part of 20-day Bollinger Band
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Ripple Price Analysis: XRP/USD keeps trending horizontally in the lower part of 20-day Bollinger Band

FX Street
Published date:
  • XRP/USD bulls wrest control from the bears this Wednesday.
  • The MACD shows decreasing bearish momentum.
  • The Elliott Oscillator has had two straight green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1923 to $0.1926 this Wednesday as the bulls took back control after a bearish Tuesday. The price is trending horizontally in the lower half of the 20-day Bollinger Band and struggling to break above the $0.1933 resistance level. The MACD shows decreasing bearish market momentum, while the Elliott Oscillator has had two consecutive green sessions.

Support and Resistance

XRP/USD faces strong resistance at $0.1933, $0.198, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.19 and $0.18825.

Key levels

 

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