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Ripple Price Analysis: XRP/USD bulls stay in control for third consecutive day, price looks to break above $0.175

FX Street
Updated:
  • XRP/USD had gone up from $0.1714 to $0.1738 previously this Tuesday.
  • The Elliott Oscillator has had 16 straight green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1738 to $0.1742 in the early hours of Wednesday. In the process, XRP/USD is on track of charting a third consecutive bullish day. The price is trending in an upward channel formation, above the SMA 20 curve. The 20-day Bollinger jaw has narrowed, indicating decreasing price volatility. 

On the downside, the Elliott Oscillator has had 16 straight green sessions, while the MACD shows sustained bullish momentum.  Finally, the RSI indicator is trending horizontally around the neutral zone.

Key Levels

 

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