Ripple Price Analysis: XRP/USD bulls stay in control as upward trending line holds strong
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- XRP/USD broke above the SMA 50.
- The 20-day Bollinger jaw has narrowed, showing decreasing price volatility.
XRP/USD daily chart
XRP/USD went up from $0.1834 to $0.1847, as the bulls remained in control of the market. The price bounced off the support provided by the upward trending line and broke above the SMA 50 curve. The 20-day Bollinger jaw has narrowed, showing decreasing price volatility. The buyers will aim to take the price above the $0.19-level and break past the SMA 20. The MACD indicates that despite the bullish price action, the overall market momentum is slightly bearish.
Key levels
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