fxs_header_sponsor_anchor

Ripple Price Analysis: XRP/USD bulls step up following Thursday’s bloodbath

  • XRP/USD bulls pushed the price back inside the 20-day Bollinger Band.
  • The William’s %R is trending inside the oversold zone, showing that the asset is currently undervalued.

XRP/USD daily chart

XRP/USD went up from $0.1881 to $0.1892 in the early hours of Friday and re-entered the 20-day Bollinger Band. This followed a heavily bearish Thursday, wherein the price plummeted from $0.203 and dropped below the 20-day Bollinger Band.  The MACD shows increasing bearish momentum, while William’s %R is trending inside the oversold zone, indicating that the asset is currently undervalued.

Support and Resistance

XRP/USD bulls face strong resistance levels at $0.1926, $0.1959, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.1817 and $0.1765.

Key levels


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.