THELOGICALINDIAN - Key Highlights
Ripple amount is affective college adjoin the US Dollar and Bitcoin. XRP/USD is now aloft $0.2500 and eyeing added upsides in the abreast term.
Ripple Price Support
Finally, there was an upside move in Ripple amount and it confused aloft a aloft resistance area abreast 0.2500 adjoin the US Dollar. The amount traded aloft the $0.2550 attrition as able-bodied and formed a new account aerial abreast $0.2601. At the moment, the amount is trading with a solid bullish bent aloft $0.2500. An antecedent abutment on the downside is about the 23.6% Fib retracement akin of the aftermost upside beachcomber from the $0.2325 low to $0.2601 high.
However, the best important abutment is now at $0.2500. The declared akin is abreast the 38.2% Fib retracement akin of the aftermost upside beachcomber from the $0.2325 low to $0.2601 high. It acted as a attrition beforehand about $0.2500-0.2505 and now it will best acceptable act as a solid support. Moreover, yesterday’s accent bullish trend band with accepted abutment at $0.2240 is complete on the alternate blueprint of the XRP/USD pair.
The trend band abutment is additionally about the 50% Fib retracement akin of the aftermost upside beachcomber from the $0.2325 low to $0.2601 high. Therefore, the $0.2440 akin is additionally a aloft abutment breadth for buyers in the abreast term. On the upside, a breach aloft $0.2600 would alarm for a analysis of $0.2680.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is placed able-bodied in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD has accomplished the overbought levels.
Major Support Level – $0.2500
Major Resistance Level – $0.2600
Charts address – Trading View, Kraken
