THELOGICALINDIAN - Key Highlights
Ripple amount rose acutely afresh adjoin the US Dollar and Bitcoin. XRP/USD ability extend its assets and could alike barter appear $0.2300.
Ripple Price Upside Surge
The accomplished affair was accomplished for Ripple amount as it confused aloft the $0.2150 resistance adjoin the US Dollar. Yesterday, we discussed that buyers charge to accretion drive aloft $0.2100. There was a nice upside drive formed and the amount was able to breach bother $0.2100 and $0.2150. The upside move was such that the amount austere the $0.2200 handle and traded as aerial as $0.2251.
It seems like the accepted beachcomber is not over yet and the amount ability breach $0.2250 anon to analysis $0.2300. If there is a correction, an antecedent abutment is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2020 low to $0.2251 high. However, the best important abutment is abreast $0.2150. It was a attrition earlier, and now buyers are acceptable to booty a angle abreast $0.2150. Moreover, there are two abutting bullish trend curve basic with support at $0.2100 and $0.2010 on the alternate blueprint of XRP/USD.
Overall, there are abounding bullish signs aloft $0.2150 and the amount is acceptable to extend gains. The abutting above hurdle is abreast $0.2300 followed by the $0.2400 handle.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is now placed able-bodied into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD has accomplished the overbought levels.
Major Support Level – $0.2150
Major Resistance Level – $0.2300
Charts address – Trading View, Kraken
