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Ripple Price Analysis: XRP/USD chart shows strong resistance at $0.20

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5 years ago

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Ripple XRP Price Prediction and Technical Analysis
  • XRP is currently trading (press time) at $0.189022 and is up 0.13% from the last 24 hour.
  • The Moving averages are indicating a Buy signal while Oscillators are in the sell pressure zone.

Ripple’s XRP the 3rd largest cryptocurrency by market capitalization ($8,318,401,201 USD) is trading at $0.189022 (At press time). Yesterday XRP/USD opens at $0.181254 USD and the price recovered up to $0.190104 USD. After reaching $0.190104 USD it’s now down at $0.189022 USD.

However if we look at the daily technical indicators like Moving averages is showing a buy signal while Oscillators are indicating a sell signal.

The overview of XRP/USD are as follows:-

XRP Price$0.189022
Market Cap$8,318,401,201 USD
Volume (24h)$1,979,145,483 USD
24 Hour High / Low$0.191235 USD /
$0.187614 USD
SMA (20)0.18476
SMA (50)0.18644
SMA (100)0.22067
RSA (14)51.81749
MACD Lavel (12, 26)0.00132
Daily Fibonacci 38.2%0.186
Daily Fibonacci 61.8%0.1814

The support S1, S2 & S3 and resistance R1, R2 & R3 level for XRP/USD are 0.1789, 0.1669 & 0.1598 and 0.1981, 0.2052 & 0.2172 respectively.

Ripple XRP price chart and analysis for April 18th
XRP/USD Price Chart by TradingView

If we look at the Simple moving averages SMA (5, 20, 30) and Exponential moving averages EMA (5, 20, 30) all are in the buy signal zone.

While among the oscillators Relative strength index 14 is 51.81749 and in the neutral zone. Also, the MACD Level (12, 26) is 0.00132 and is indicating a buy signal.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.