THELOGICALINDIAN - Key Highlights
Ripple amount is disturbing to accretion bullish drive adjoin the US Dollar and Bitcoin. XRP/USD has to affected a above hurdle at $1.45-1.50 to resume its uptrend.
Ripple Price Resistance
The aftermost low of $1.1316 is holding losses in Ripple amount adjoin the US Dollar. However, the amount seems to be disturbing to accretion absorption aloft $1.50. It afresh recovered aloft the 50% Fib retracement akin of the aftermost leg bottomward from the $1.635 aerial to $1.131 low. But, the upside move was capped by the $1.45 attrition and the 100 alternate simple affective average.
Moreover, the 61.8% Fib retracement akin of the aftermost leg bottomward from the $1.635 aerial to $1.131 low acted as a resistance. Most importantly, this week’s accent acute bearish trend band with accepted attrition at $1.4200 is still in abode on the alternate blueprint of the XRP/USD pair. Therefore, the brace is adverse a aloft upside hurdle at $1.45 and the 100 alternate SMA. A able abutting aloft the started $1.45 attrition is bare for buyers to get control. The abutting aloft attrition aloft $1.45 sits at $1.65.
On the downside, the contempo low of $1.13 is a appropriate support. An actual abutment is at $1.22. If the amount fails to breach aloft the $1.22 support, again it could alike breach the $1.13 low for added declines.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is boring affective in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective to and fro about the 50 level.
Major Support Level – $1.2200
Major Resistance Level – $1.4500
Charts address – Trading View, Kraken
