- XRP / USD has had two consecutive bullish sessions.
- Elliott Oscillator had 12 consecutive red sessions, dropping from 0.048 to -0.0115.
XRP / USD Daily Chart
XRP / USD bulls retained control of the market as the price rose by $ 0.2645 to $ 0.2721 in the wee hours of Saturday. The price is moving in a descending, flat channel formation in the lower half of the 20 day Bollinger Band. The Elliott Oscillator had 12 consecutive red sessions, going from 0.048 to -0.0115. This indicates that the general market sentiment is still bearish.
William’s% R has slipped out of the oversold zone and is currently trading around -74. The XRP / USD daily chart has strong resistance levels at $ 0.2864 (20 SMA) and $ 0.3017. In contrast, we have two healthy levels of support at $ 0.2589 (50 SMA) and $ 0.2447.