XRP/USD drops down after encountering resistance at the upper curve of the 20-day Bollinger Band

Fibo Quantum

  • XRP/USD faces strong resistance at $0.225 line and the SMA 200.
  • Elliott Oscillator and MACD indicates sustained bullish sentiment.

XRP/USD daily chart

XRP/USD fell from $0.2178 to $0.2167 in the early hours of Saturday, after encountering resistance at the upper curve of the 20-day Bollinger band. The widening of the jaw shows increasing price volatility. If the bulls gain back momentum, they’ll need to overcome resistance at the $0.225 line and the SMA 200. Following that, the next resistance level of note lies at $0.2377. On the downside, there are two healthy supports at $0.2125 and $0.203. The Elliott Oscillator has had eight straight green sessions, while the MACD shows increasing bullish momentum.

Key levels