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Ripple Price Analysis: XRP/USD bulls step up following Thursday’s bloodbath

  • XRP/USD bulls pushed the price back inside the 20-day Bollinger Band.
  • The William’s %R is trending inside the oversold zone, showing that the asset is currently undervalued.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1881 to $0.1892 in the early hours of Friday and re-entered the 20-day Bollinger Band. This followed a heavily bearish Thursday, wherein the price plummeted from $0.203 and dropped below the 20-day Bollinger Band.  The MACD shows increasing bearish momentum, while William’s %R is trending inside the oversold zone, indicating that the asset is currently undervalued.

Support and Resistance

XRP/USD bulls face strong resistance levels at $0.1926, $0.1959, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.1817 and $0.1765.

Key levels

 

FX Street

FX Street

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