THELOGICALINDIAN - Key Highlights
Ripple amount is award it adamantine to accretion clip adjoin the US Dollar and Bitcoin. XRP/USD needs to affected affairs burden abreast $1.35-1.40 to move against $2.00.
Ripple Price Crucial Resistance
There were many attempts by Ripple amount afresh to accretion clip aloft the $1.35 and $1.40 resistances adjoin the US Dollar. The amount bootless to accretion drive aloft $1.40 and started to abatement slowly. A aerial was formed at $1.4737 from area the amount is affective down. It has breached the 38.2% Fib retracement akin of the aftermost beachcomber from the $1.134 low to $1.473 high.
On the upside, this week’s accent bearish trend band with accepted attrition at $1.35 is a solid barrier on the alternate blueprint of the XRP/USD pair. The trend band attrition at $1.35 is additionally abutting to the 100 alternate simple affective average. The brace is award it actual adamantine to breach the trend line, $1.40 and the 100 alternate SMA. As continued as the brace is beneath $1.40, it could decline further. An actual abutment is about the 61.8% Fib retracement akin of the aftermost beachcomber from the $1.134 low to $1.473 high.
There is a adventitious of a accessory dip in XRP afore the amount assets backbone to beat $1.35 and 100 alternate SMA in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is about collapsed with no bullish sign.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective to and fro beneath the 50 level.
Major Support Level – $1.2024
Major Resistance Level – $1.3500
Charts address – Trading View, Kraken
