THELOGICALINDIAN - Key Highlights
Ripple amount bootless to authority assets adjoin the US Dollar and Bitcoin. Let’s see if XRP/USD can achieve aloft the $0.2250 akin or not.
Ripple Price Upside Hurdle
In yesterday’s analysis, we saw a major hurdle for Ripple amount about $0.2250 adjoin the US Dollar. The amount boring confused college and traded aloft the $0.2250 level. There was alike a breach aloft the 76.4% Fib retracement akin of the aftermost bead from the $0.2285 aerial to $0.2065 low. However, it angry out to be a apocryphal break, as the amount confused aback beneath $0.2250. Yesterday’s accent bottomward approach with accepted attrition at $0.2230 on the alternate blueprint of XRP/USD acted as a barrier.
The amount bootless to achieve aloft the approach attrition breadth at $0.2250 and confused down. A aerial was formed at $0.2302 afore a pullback. The amount alone and confused beneath the 50% Fib retracement akin of the aftermost beachcomber from the $0.2075 low to $0.2302 aerial and the 100 alternate simple affective average. There is a new abutting bullish trend band with abutment at $0.2150, which is acting as a support.
As continued as the amount is aloft the trend band abutment at $0.2150, buyers ability attack addition upside break. They charge to abode the amount calmly aloft $0.2250 for added assets appear the $0.24 level.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is about collapsed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is beneath burden and disturbing to move higher.
Major Support Level – $0.2150
Major Resistance Level – $0.2250
Charts address – Trading View, Kraken
