XRP/USD sits on high of the decrease curve of the 20-day Bollinger Band

By | July 1, 2020

  • XRP/USD bears remained in management for the second straight day.
  • The Elliott Oscillator has had eight consecutive purple periods.
  • The RSI has dipped into the oversold zone to point out that the value is presently undervalued.

XRP/USD day by day chart

XRP/USD daily chart

XRP/USD has dropped from $0.1754 to $0.1746 as markets opened this Wednesday. The bears have remained in management for the second straight day as XRP/USD continues to flirt with the downward trending line. 

The Elliott Oscillator has had eight straight purple periods, exhibiting general bearish dominance. Lastly, the RSI has dipped into the oversold zone to point that the value is presently undervalued could face bullish motion quickly.

Help and Resistance 

XRP/USD faces robust resistance at $0.1772 and $0.1826. On the draw back, wholesome assist lies at $0.1742 (decrease curve of the 20-day Bollinger Band).

Key ranges

 

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