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  • XRP/USD went up from $0.147 to $0.148 this Wednesday and the bulls retained control this Thursday.
  • The RSI index is trending horizontally around 32.42 right next to the oversold zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls retained control of the market for the third straight day as they took the price up from $0.148 to $0.1484. Earlier this Wednesday, XRP/USD had gone up from $0.147 to $0.148. The price is consolidating in a triangle formation and hovering below the SMA 20, SMA 50 and SMA 200 curves. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had three green sessions following 10 consecutive red sessions. Finally, the RSI index is trending horizontally around 32.42 right next to the oversold zone.