XRP/USD bulls in control as they look to conquer $0.1876 resistance line

  • XRP/USD has broken above the bullish pennant structure.
  • XRP/USD had gone up from $0.1758 to $0.1785 this Thursday.
  • The RSI indicator is floating around the neutral zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD went up from $0.1785 to $0.1794 in the early hours of Friday. In the process, the buyers managed to stay in control for the fifth straight day as they broke above the bullish pennant structure. The 20-day Bollinger jaw is widening again, indicating increasing price volatility. The wick of this Thursday’s green candle had crept above the Bollinger Band before retracing its steps back inside. The RSI indicator has been hovering in the neutral zone, while the MACD shows sustained bullish momentum and is trending around 0.00569.

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