THELOGICALINDIAN - Key Highlights
Ripple amount is placed accurately in the absolute breadth adjoin the US Dollar and Bitcoin. XRP/USD charcoal buy on dips abreast the $1.10 and $1.05 abutment levels.
Ripple Price Trend
There was an extension to the aftermost bullish wave aloft $1.1000 in Ripple amount adjoin the US Dollar. The amount traded aloft the $1.2500 attrition akin and confused appear the $1.3000 level. A aerial was formed at $1.3013 from area a downside alteration was initiated. It has confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.8650 low to $1.3013 high.
There is a appropriate trend formed aloft the $1.0000 akin and the amount charcoal in the bullish zone. On the downside, there is a key bullish trend band basic with abutment at $1.1000 on the alternate blueprint of the XRP/USD pair. The trend band abutment at $1.1000 is actual acute back it is a above pivot. The 50% Fib retracement akin of the aftermost beachcomber from the $0.8650 low to $1.3013 aerial is additionally about the trend line. Below the trend band support at $1.1000, the 100 alternate simple affective boilerplate is positioned at $1.0200. If there is an addendum to the accepted correction, again the brace ability analysis the $1.1000 abutment area.
Overall, it charcoal in the bullish area aloft $1.0000. Any aloft dips abide abutment aloft $1.0000.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is hardly in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently testing the 50 level.
Major Support Level – $1.1000
Major Resistance Level – $1.3000
Charts address – Trading View, Kraken
