THELOGICALINDIAN - Key Highlights
Ripple amount surged college adjoin the US Dollar and Bitcoin. XRP/USD bankrupt $0.4000 and is currently positioned accurately in the bullish zone.
Ripple Price Bullish Trend
There was a nasty upside move in Ripple amount aloft the $0.3000 handle adjoin the US Dollar. The amount rocketed college and bankrupt abounding resistances such as $0.2450, $0.3000 and $0.3800. The upside was able and the amount was able to move aloft the $0.4000 level. A new aerial was formed at $0.4100 from area the amount started a downside correction. It confused beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.2400 low to $0.4100 high.
However, the amount charcoal able-bodied accurate aloft $0.3000. There is a new abutting bullish trend band basic with abutment at $0.3200 on the alternate blueprint of the XRP/USD pair. The brace afresh activated the 50% Fib retracement akin of the aftermost beachcomber from the $0.2400 low to $0.4100 high. It was alone from $0.3200 and is currently affective aback higher. The current amount activity is actual positive and it seems like the amount will best aback aloft the $0.4000 akin in the abreast term.
The abutting above upside ambition could be $0.5000. On the downside, buyers may booty a angle abreast the $0.3200 and $0.3000 abutment levels if the amount corrects lower.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is hardly abbreviation its bullish slope.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still able-bodied aloft the 50 akin and is assuming abounding absolute signs.
Major Support Level – $0.3200
Major Resistance Level – $0.4000
Charts address – Trading View, Kraken
