Ripple Technical Analysis: XRP Fails To Break Above The 20-day SMA

Daily Ripple XRP Price Analysis

Last Updated July 26th 2021
1 Min Read
  • Ripple price shows increasing bullish market momentum.
  • XRP flips parabolic SAR to negative in the 1-day and 4-hour timeframes.

The Ripple price crashed met resistance at the 20-day SMA on July 5 and crashed from $0.695 to $0.533 till July 20. As a result of this drop, XRP formed a death cross with the 200-day SMA crossing over the 50-day SMA. Let’s take a closer look at what happened.

Ripple Price Fails At The 20-day SMA

Having found healthy support at $0.53, the Ripple price jumped up to $0.61 till July 24. This uptrend was blocked by the 20-day SMA, following which it dropped $0.60. Due to this climb, the MACD has reversed from red to green.

Image: XRP/USD daily

XRP/USD daily chart 072621

In the 4-hour time frame, the Ripple Price has been trending horizontally around $0.60 for nine straight sessions. XRP is currently sandwiched between 200-bar and 20-bar SMAs. The parabolic SAR has also reversed from positive to negative.

Image: XRP/USD 4-hour

XRP/USD 4-hour chart 072621

Ripple Price Is Expected To Reach These Levels

The Ripple price needs to retake the 20-day SMA to continue the upward trend.

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