Rajarshi Mitra
Independent Analyst
- XRP/USD bulls retained control for the fifth straight day.
- The Elliott Oscillator has had nine consecutive green sessions.
XRP/USD daily chart
XRP/USD bulls retained control for the fifth straight day as the price went up from $0.2246 to $0.2378. Over the last four days, XRP/USD has been sitting on top of the 20-day Bollinger Band, showing that it’s currently overvalued. The RSI has also crept into the overpriced zone, indicating that a slight bearish correction is nigh. The Elliott Oscillator has had nine consecutive green sessions, showing that the present market sentiment is overwhelmingly bullish.
XRP/USD has the following healthy support levels – $0.226, $0.2187, $0.2098 (SMA 200), $0.2061 (SMA 20) and $0.1945 (SMA 50).
Key levels
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