Ripple Technical Analysis: XRP/USD bulls take charge to push price back above $0.20–level

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  • XRP/USD bulls took back control after two straight bearish days.
  • The Elliott Oscillator has had ten straight green sessions.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bulls took control of the market, following two consecutive bearish sessions as the price went up from $0.1991 to $0.2001. The RSI is trending right next to the overbought zone, while the Elliott Oscillator has had ten straight green sessions. This indicates that the overall market sentiment is presently bullish.

Support and Resistance

XRP/USD faces one strong resistance level at $0.205. On the downside, healthy support lies at $0.1986, $0.1935, $0.1923 (SMA 50) and $0.1848 (SMA 20).

Key levels

 

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