fxs_header_sponsor_anchor

Ripple Technical Analysis: XRP/USD bulls remain in charge for three consecutive days

  • XRP/USD bulls aim to take price above the $0.32-level.
  • The RSI is creeping along the edge of the overbought zone.

XRP/USD daily chart

XRP/USD bulls have stayed in control for three straight days. The price has gone up from $0.3157 $0.3188 in the early hours of Tuesday. In the daily price chart, we have three healthy support levels at $0.312, $0.294 (SMA 20) and $0.29.

The Elliott Oscillator has three straight green sessions. Finally, the relative strength index (RSI) shows that the price is creeping along the edge of the overbought zone. This indicates that the asset is presently slightly overvalued.

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.