THELOGICALINDIAN - Key Highlights
Ripple amount acicular acutely adjoin the US Dollar and Bitcoin. XRP/USD is now able the $0.2200 and is eyeing added upsides in the abreast term.
Ripple Price Support
There was an addendum to yesterday’s decline in Ripple amount beneath the $0.2200 abutment adjoin the US Dollar. However, the amount was able to acquisition abutment abreast $0.2100 and $0.2050. A solid abutment abject was formed abreast $0.2050 from area the amount bounced sharply. The upside move was able as the amount bankrupt the $0.2200 and $0.2350 attrition levels. There was additionally a breach aloft the 61.8% Fib retracement akin of the aftermost abatement from the $0.2580 aerial to $0.2050 low.
During the upside move, yesterday’s accent aloft bearish trend band was burst at $0.2350 on the alternate blueprint of the XRP/USD pair. The brace alike confused aloft the $0.2400 handle and the 100 alternate simple affective average. A aerial was formed at $0.2497 from area the amount started a downside correction. It has confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2050 low to $0.2497 high.
On the downside, the $0.2300 akin is an actual support. Below the $0.2300 support, the $0.2200 akin ability additionally arise into account as a above abutment in the abreast appellation area buyers are acceptable to appear.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is now aback in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now able-bodied aloft the 50 akin and is currently acclimation lower.
Major Support Level – $0.2300
Major Resistance Level – $0.2450
Charts address – Trading View, Kraken
