THELOGICALINDIAN - Key Highlights
Ripple amount is boring affective college adjoin the US Dollar and Bitcoin. XRP/USD needs to accretion drive to annals abundant assets aloft $0.2100.
Ripple Price Uptrend
We saw a brace of bullish swings in Ripple amount afresh aloft $0.2000 adjoin the US Dollar. The amount is currently placed able-bodied in the bullish area aloft the $0.2000 handle. The best important aspect is the actuality that the amount is currently able-bodied aloft the 100 alternate simple affective boilerplate and $0.2000. It has recovered able-bodied from the $0.1880 low and already aloft the 50% Fib retracement akin of the aftermost bead from the $0.2148 aerial to $0.1880 low.
Moreover, yesterday’s accent aloft bullish trend band with accepted abutment at $0.0.2010 on the alternate blueprint of XRP/USD is a able support. As continued as the brace is aloft $0.2000 and the 100 alternate simple affective average, it charcoal in the bullish zone. On the upside, a breach aloft the $0.2100 is bare for buyers to gain momentum. There is now a abutting attrition trend band basic with accepted barrier at $0.2110.
Once there is a abutting aloft $0.2100 followed by $0.2110, the abutting stop could be $0.2150. Overall, affairs dips abide a acceptable advantage aloft $0.2024 for added gains. A abutting beneath $0.2024 could advance the amount aback appear $0.1850.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is defective clip in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently aloft the 50 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2110
Charts address – Trading View, Kraken
