THELOGICALINDIAN - Key Highlights
Ripple amount is trading in a ambit adjoin the US Dollar and Bitcoin. XRP/USD needs to breach the $0.2050 attrition to accretion upside momentum.
Ripple Price Resistance
There was not abundant activity during the accomplished few hours in Ripple price, but it captivated the $0.1950 support against the US Dollar. Recently, the amount started a downside move from the $0.2165 beat aerial and adapted beneath the 38.2% Fib retracement akin of the aftermost leg up from the $0.1850 low to $0.2165 high. However, the downside move was adequate by the $0.1950-60 abutment area and the 100 alternate simple affective average.
Moreover, the 50% Fib retracement akin of the aftermost leg up from the $0.1850 low to $0.2165 aerial is currently acting as a able support. As continued as the amount is aloft $0.1950-0.1960 and the 100 alternate SMA, it charcoal supported. On the upside, there is a bearish trend band basic with attrition at $0.2050 on the alternate blueprint of the XRP/USD pair. A breach aloft the $0.2050 attrition would accessible the doors for added assets aloft the $0.2100 level. The abutting stop could be the last beat high abreast $0.2165-68.
The accepted bent seems to be aloof aloft $0.2024. We charge to delay for an upside breach appear $0.2150 for the abutting above move in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is boring affective into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently aloft the 50 level.
Major Support Level – $0.1960-50
Major Resistance Level – $0.2050
Charts address – Trading View, Kraken
