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

• 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:-

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.

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.