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Ripple Technical Analysis: XRP/USD bears have control as bulls try to fight back

XRP/USD Daily Chart

  • XRP/USD went down from $0.390 to $0.384 in the early hours of Saturday.
  • The 20-day Bollinger band shows that the market is volatile.
  • The MACD (moving average convergence divergence) indicator shows decreasing market volatility.
  • The closest support level at the downside lies at $0.365.
  • The market is trending above the SMA 200, SMA 50, and SMA 20 curves. 
  • The SMA 20 curve is going to crossover with the SMA 50 curve, which is a bullish sign.

XRP/USD 4-Hour Chart

  • The 4-hour XRP/USD market is prime for a breakout from a triangle formation.
  • The Ichimoku indicator shows that current and future sentiment on the 4-hour market is bearish.
  • The relative strength index (RSI) indicator is trending at the neutral zone.

XRP/USD Hourly Chart

  • The hourly XRP/USD chart has been trending horizontally for some time before it had a bullish breakout.
  • The market forms a triangle formation and is ready for a breakout.
  • The Elliot wave oscillator shows sustained bullish sessions. However, it is still trending in the negative.
  • The market is trending above the SMA 200 and SMA 20 curves.
  • The market is trending below the SMA 50 curve.
  • The market found resistance at $0.39 from where it went down. 

Key Levels

XRP/USD

OVERVIEW
Today last price0.3859
Today Daily Change-0.0044
Today Daily Change %-1.13
Today daily open0.3903
TRENDS
Daily SMA200.3286
Daily SMA500.3289
Daily SMA1000.3212
Daily SMA2000.348
LEVELS
Previous Daily High0.4236
Previous Daily Low0.36
Previous Weekly High0.4716
Previous Weekly Low0.3043
Previous Monthly High0.3803
Previous Monthly Low0.2827
Daily Fibonacci 38.2%0.3843
Daily Fibonacci 61.8%0.3993
Daily Pivot Point S10.359
Daily Pivot Point S20.3277
Daily Pivot Point S30.2953
Daily Pivot Point R10.4226
Daily Pivot Point R20.4549
Daily Pivot Point R30.4862

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