THELOGICALINDIAN - Key Highlights
Ripple amount is trading in a ambit adjoin the US Dollar and Bitcoin. XRP/USD needs a abutting aloft $0.2050 to accretion upside momentum.
Ripple Price Support
This accomplished anniversary we saw a appropriate rise in Ripple amount appear the $0.2200 akin adjoin the US Dollar. The amount traded as aerial as $0.2165 afore award sellers. Later, the amount started a downside alteration and traded beneath the $0.2100 abutment and the 50% Fib retracement akin of the aftermost beachcomber up from the $0.1850 low to $0.2165 high. There was alike a breach of the $0.2000 handle once, but the $0.1950-0.1960 abutment prevented added declines.
As a result, the amount started trading in a ambit aloft the $0.1960 level. There is a concise approach basic with abutment at $0.1960 on the alternate blueprint of the XRP/USD pair. The brace afresh activated the 38.2% Fib retracement akin of the aftermost abatement from the $0.2168 aerial to $0.1960 low, but bootless to breach it. It started trading in a ambit with resistance at $0.2050 and abutment aloft $0.1960.
At present, the brace is flirting with the 100 alternate simple affective boilerplate at $0.2024 and is assuming no above bullish signs. There is a adventitious of XRP crumbling aback appear $0.2024 to ample buy orders afore attempting an upside break.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is mostly collapsed with no above bullish signs.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently aloft the 50 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2050
Charts address – Trading View, Kraken
