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Ripple technical analysis: XRP/USD aims to break past the $0.302 level to continue positive momentum

  • The four-hour chart has peeked above the 20-day Bollinger band.
  • XRP/USD spiked from $0.293 to $0.2998 in just one hour.

XRP/USD daily chart


XRP/USD has gone up from $0.293 to $0.298 so far today. The market has found support on the upward trending line. The bulls will need to break past the resistance provided by the $0.302 level to continue its upward momentum. The Moving Average Convergence/Divergence (MACD) indicates sustained, yet decreasing bullish momentum.

XRP/USD four-hour chart


The four-hour XRP/USD chart has peeked above the 20-day Bollinger band, which indicates that the price is overvalued and may face correction soon. Along with the upward trending line, the price has also found support on the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. The Elliott Oscillator has had a significant spike in its latest session, going up from 0 to 0.0016.

XRP/USD hourly chart


The hourly XRP/USD chart has spiked up from the green Ichimoku cloud, going up from $0.293 to $0.2998 in just one hour. The Relative Strength Index (RSI) indicator jumped into the overbought zone before dipping down to 65.62.

Key Levels


Today last price0.2991
Today Daily Change0.0060
Today Daily Change %2.05
Today daily open0.2931
Daily SMA200.2744
Daily SMA500.2673
Daily SMA1000.282
Daily SMA2000.3287
Previous Daily High0.295
Previous Daily Low0.2893
Previous Weekly High0.3041
Previous Weekly Low0.2718
Previous Monthly High0.327
Previous Monthly Low0.2168
Daily Fibonacci 38.2%0.2914
Daily Fibonacci 61.8%0.2928
Daily Pivot Point S10.2899
Daily Pivot Point S20.2867
Daily Pivot Point S30.2842
Daily Pivot Point R10.2957
Daily Pivot Point R20.2982
Daily Pivot Point R30.3014

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