THELOGICALINDIAN - Key Highlights
Ripple amount is aerial college adjoin the US Dollar and Bitcoin. XRP/USD is now placed accurately for added assets aloft $0.6000 and $0.6500.
Ripple Price to Continue Higher
There were solid gains in Ripple amount aloft the $0.4500 attrition adjoin the US Dollar. Once the amount was able to move aloft the $0.4500 resistance, there were aciculate assets aloft $0.5000. The amount was able to move aloft the $0.6000 level. The contempo best aerial was formed at $0.6033 and it seems like the amount ability abide to move higher. An antecedent abutment is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.4005 low to $0.6033 high.
There is additionally a monster bullish trend band basic with abutment at $0.5200 on the alternate blueprint of the XRP/USD. The trend band abutment at $0.5200 is a acute buy zone. It is additionally abreast the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.4005 low to $0.6033 high. As continued as the amount is aloft the $0.5200 and $0.5000 abutment levels, it ability continue to rise in the abreast term. Below $0.5000, the $0.4800 akin is additionally a above abutment area, area buyers are acceptable to booty a stand.
On the upside, a breach aloft the $0.6000 handle is on the cards. Aloft $0.6000, the amount will best acceptable rocket aloft $0.6500.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is accepting drive in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently abreast the overbought levels.
Major Support Level – $0.5200
Major Resistance Level – $0.6000
Charts address – Trading View, Kraken
