THELOGICALINDIAN - Key Highlights
Ripple amount is disturbing to accretion clip adjoin the US Dollar and Bitcoin. XRP/USD ability actual lower appear $0.2025 afore affective aback up.
Ripple Price Correction Possible
It seems like Ripple amount is not able to gain upside momentum aloft $0.2100 adjoin the US Dollar. The amount afresh beneath and bankrupt the $0.2000 akin afore recovering. However, during the downside move, the amount absurd the 100 alternate simple affective boilerplate at $0.2010. It is currently aback aloft the 100 alternate SMA, but defective clip and ability breach $0.2000 already again.
Moreover, the XRP/USD brace additionally fabricated an attack to bright this week’s acicular bullish trend band with accepted abutment at $0.2030 on the alternate chart. At the moment, the brace is aloof aloft the trend band abutment at $0.2030 and the 100 alternate SMA. Once there is a breach and abutting beneath $0.2000, there can be a downside advance appear $0.1950. An immediate support sits about the 50% Fib retracement akin of the aftermost beachcomber from the $0.1880 low to $0.2093 high.
The best important abutment is abreast $0.2025 and the 61.8% Fib retracement akin of the aftermost beachcomber from the $0.1880 low to $0.2093 high. On the upside, buyers charge to accretion drive aloft $0.2100 to advance the amount appear $0.2250.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is about to move aback in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently aloof aloft the 50 level.
Major Support Level – $0.2025
Major Resistance Level – $0.2100
Charts address – Trading View, Kraken
