THELOGICALINDIAN - Key Highlights
Ripple amount is placed able-bodied in the bullish area adjoin the US Dollar and Bitcoin. XRP/USD ability anon advance college if it manages to breach $0.2600.
Ripple Price Resistance
It was a decent amount action in Ripple amount aloft the $0.2400 abutment adjoin the US Dollar. The amount started a nice upside move from the $0.2200 beat low and confused aloft the $0.2400 resistance. It traded as aerial as $0.2670 area it faced sellers and after started a downside correction. It has confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2200 beat low to $0.2670 high.
However, the downside move is bound by the $0.2400 and $0.2450 abutment levels. Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $0.2200 beat low to $0.2670 aerial is acting as a support. At the moment, the amount is placed able-bodied aloft $0.2400 and the 100 alternate simple affective average. It seems like a concise application triangle basic with abutment abreast $0.2450 on the alternate blueprint of the XRP/USD pair. The triangle abutment abreast $0.2450 is important back it is abutting to the 100 alternate simple affective average.
As continued as the brace is aloft the $0.2450 abutment and the 100 alternate SMA, it charcoal able-bodied placed in the bullish zone. It ability anon attack an upside breach aloft $0.2600 in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD ability anon move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective college against the 50 level.
Major Support Level – $0.2450
Major Resistance Level – $0.2600
Charts address – Trading View, Kraken
