THELOGICALINDIAN - Key Highlights
Ripple amount is accepting bullish drive adjoin the US Dollar and Bitcoin. XRP/USD ability abide to accretion clip and could alike retest $0.2024.
Ripple Price Support
Buyers stepped up the control as Ripple amount managed to move aloft the $0.18500 attrition adjoin the US Dollar. The amount traded with a absolute bent and traded aloft the $0.1900 level. A aerial was formed abreast $0.1940 from area the amount started a downside correction. During the downside move, the amount bankrupt the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.1810 low to $0.1940 high.
However, the downside move was adequate by the $0.1880 level. The 50% Fib retracement akin of the aftermost beachcomber from the $0.1810 low to $0.1940 aerial additionally acted as a abutment and prevented added declines. On the downside, there is a key bullish trend band with abutment at $0.1850 basic on the alternate blueprint of XRP/USD. If the brace declines further, the trend band support at $0.1850 ability appear into action. The trend band abutment is additionally abreast the 61.8% Fib retracement akin of the aftermost beachcomber from the $0.1810 low to $0.1940 high.
If the amount stays aloft the $0.1850 akin today, there is a adventitious of it affective aback appear $0.2024. It ability alike breach $0.2024 to analysis the all-important $0.2024 attrition zone.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is hardly in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD has confused abroad from the overbought levels.
Major Support Level – $0.1850
Major Resistance Level – $0.2024
Charts address – Trading View, Kraken
