THELOGICALINDIAN - Key Highlights
Ripple amount surged college adjoin the US Dollar and Bitcoin. XRP/USD charcoal buy on dips abreast the $0.2600 and $0.2500 levels in the abreast term.
Ripple Price Trend
There were decent gains in Ripple amount as it was able to move aloft the $0.2600 attrition adjoin the US Dollar. The upside move was able and the amount alike bankrupt the $0.2700 and $0.2750 attrition levels. It traded abutting to the $0.2800 akin and after started a downside correction. The amount has confused beneath the 23.6% Fib retracement akin of the aftermost upside beachcomber from the $0.2320 low to $0.2800 high.
However, the downside move charcoal accurate aloft the $0.2600 handle. There is a new abutting bullish trend band basic with abutment at $0.2600 on the alternate blueprint of the XRP/USD pair. Moreover, the 38.2% Fib retracement akin of the aftermost upside beachcomber from the $0.2320 low to $0.2800 aerial is additionally a acceptable support. As continued as the brace is aloft $0.2600, the downside activity charcoal limited. The abutting important support and buy area is about the $0.2500 level.
On the upside, the brace faces attrition abreast $0.2750. Above the mentioned $0.2750, the abutting important attrition is about $0.2800. The all-embracing trend is absolute and the amount is acceptable to abide college appear $0.2800 in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD has confused in the bearish zone, but alone as a allotment of correction.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is aloof about the 50 level.
Major Support Level – $0.2600
Major Resistance Level – $0.2750
Charts address – Trading View, Kraken
