Ripple Technical Analysis: XRP Hovering Between $0.545 and $0.70 Since June 22

Daily Ripple XRP Price Analysis

1 Min Read
Last Updated July 23rd 2021
  • The Ripple price has strong support at $0.615.
  • XRP Stuck In Lower Bollinger Band For almost 2 Months.
  • The Ripple price has been hovering in the low Bollinger Band for almost 2 months now. XRP has stuck below the 20-day SMA since June 29. The $0.615 support wall has prevented the price from falling any further.

    Ripple Price Trapped Between The 20-day SMA and $0.615

    Ever since June 30, the Ripple price has met resistance at the 20-day SMA and dropped from $0.703 to $0.626. XRP has met continuous obstacles at this level during this time period. The Bollinger band has been narrowing to indicate decreasing volatility. 

    Image: XRP/USD daily

    XRP/USD daily chart 071321

    In the 4-hour time frame, the Ripple Price has flashed two different sell signals:

    • XRP has flipped the 20-bar and 50-bar SMAs from support to resistance.
    • The parabolic SAR has reversed from positive to negative. 

    Image: XRP/USD 4-hour

    XRP/USD 4-hour chart 071321

    Ripple Price Is Expected To Reach These Levels

    The Ripple price needs to gain enough momentum to break 20-day SMA and reach the upper Bollinger Band ($0.70).

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