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Ripple Price Analysis: XRP/USD settles around the $0.275 level

FX Street
Updated:
  • XRP/USD is sandwiched between the SMA 20 and SMA 200 curves.
  • The RSI indicator is hovering around the neutral zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls canceled out this Thursday’s bearish action so far this Friday as the price settled around the $0.275-level. The 20-day Bollinger jaw has narrowed considerably, showing decreasing price volatility. The price is currently sandwiched between SMA 20 on the upside and SMA 200 on the downside. The MACD shows increasing bearish momentum, while the Elliott Oscillator has had six straight red sessions. The RSI indicator is trending around the neutral zone as the bulls and bears cancel each other out.
 

FX Street

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