Home Ripple Price Analysis: XRP/USD drops down after encountering resistance at the upper curve of the 20-day Bollinger Band
Crypto News

Ripple Price Analysis: XRP/USD drops down after encountering resistance at the upper curve of the 20-day Bollinger Band

  • XRP/USD faces strong resistance at $0.225 line and the SMA 200.
  • Elliott Oscillator and MACD indicates sustained bullish sentiment.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD fell from $0.2178 to $0.2167 in the early hours of Saturday, after encountering resistance at the upper curve of the 20-day Bollinger band. The widening of the jaw shows increasing price volatility. If the bulls gain back momentum, they’ll need to overcome resistance at the $0.225 line and the SMA 200. Following that, the next resistance level of note lies at $0.2377. On the downside, there are two healthy supports at $0.2125 and $0.203. The Elliott Oscillator has had eight straight green sessions, while the MACD shows increasing bullish momentum.

Key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.