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  • The MACD indicates that the market momentum is slightly bullish.
  • The 20-day Bollinger Band has narrowed, showing decreasing market volatility.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD is trending in an upwards channel formation. The buyers managed to take the price up from $0.239 to $0.242. This follows a bearish Friday, wherein XRP/USD fell from $0.243 to $0.239. The price is sandwiched between the SMA 200 and SMA 20 curve, and the 20-day Bollinger Band has narrowed, indicating decreasing market volatility. The MACD suggests that the market momentum is slightly bullish, while the Elliott Oscillator has had five straight green sessions. The RSI indicator is trending horizontally around 61.11, showing that the market is going through a consolidation period.