THELOGICALINDIAN - Key Highlights
Ripple amount is aback in the bullish area adjoin the US Dollar and Bitcoin. XRP/USD is accepting clip and it may anon attack added upsides against $1.80 and 2.00.
Ripple Price Support
There was a decent recovery accomplished in Ripple amount from the $0.8905 beat low adjoin the US Dollar. The amount traded aloft the $1.00 and $1.20 attrition levels to admit a beginning upside move. There was alike a breach aloft the 61.8% Fib retracement akin of the aftermost above abatement from the $1.91 aerial to $0.89 low. It opened the doors for added assets and the amount was able to breach the $1.45 and $1.50 attrition levels.
It traded as aerial as $1.7540 and is currently acclimation lower. It is testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.8905 low to $1.7540 high. Moreover, there is a concise bullish trend band basic with abutment at $1.50 on the alternate blueprint of the XRP/USD pair. The trend band abutment at $1.50 is additionally about the 100 alternate simple affective average. Therefore, there is a aloft abutment basic at $1.50. As continued as the brace is aloft the $1.50 level, there could be added assets against $1.75 or aloft the mentioned level.
The all-embracing amount activity charcoal absolute with supports at $1.45 and $1.50.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is currently in the bearish zone, but with actual beneath momentum.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently able-bodied aloft the 50 level.
Major Support Level – $1.50
Major Resistance Level – $1.75
Charts address – Trading View, Kraken
