THELOGICALINDIAN - Key Highlights
Ripple amount beneath afresh adjoin the US Dollar and Bitcoin. XRP/USD is now beneath $0.2060 and disturbing to balance in the abbreviate term.
Ripple Price Resistance
There was a decent upside move in Ripple amount aloft $0.2200 this accomplished anniversary adjoin the US Dollar. The amount traded as aerial as $0.2240 afore it started a downside move. It beneath acutely and confused beneath the $0.2100 and $0.2060 abutment levels to achieve beneath the 100 alternate simple affective average. It alike bankrupt the $0.1960 abutment breadth and traded as low as $0.1896.
A accretion was accomplished later, which took the amount aloft the $0.1970 level. XRP additionally confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $0.2240 aerial to $0.1896 low. On the upside, there are two bearish trend curve basic with attrition at $0.2030 on the alternate blueprint of the XRP/USD pair. The $0.2030 attrition is additionally abreast the 50% Fib retracement akin of the aftermost abatement from the $0.2240 aerial to $0.1896 low. Therefore, a abutting aloft the $0.2030 and $0.2060 resistance levels won’t be accessible in the abreast term.
On the downside, the $0.2024 akin is a appropriate support. Below $0.2024, the contempo low abreast $1896 ability accommodate support. The all-embracing trend is aloof with affairs of a dip aback against the $0.2024 akin in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is attempting to move aback in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is aloft the 50 akin and branch higher.
Major Support Level – $0.2180
Major Resistance Level – $0.2250
Charts address – Trading View, Kraken
