THELOGICALINDIAN - Key Highlights
Ripple amount confused college aloft key levels adjoin the US Dollar and Bitcoin. XRP/USD is now aloft $0.1800 and eyes added assets in the abreast term.
Ripple Price Support
The accomplished 2-3 sessions were decent for Ripple amount as it managed to accretion drive aloft $0.1800 adjoin the US Dollar. The amount confused college and bankrupt a brace of important attrition levels including $0.1850. To admit the uptrend, the amount confused aloft the 50% Fib retracement akin of the aftermost abatement from the $0.2250 aerial to $0.1500 low. It opened the doors for added assets aloft $0.1850 in the abbreviate term.
During the upside, yesterday’s accent aloft bearish trend band with attrition at $0.1850 on the alternate blueprint of XRP/USD was breached. The best important breach was aloft $0.1860 and the 100 alternate simple affective average. The amount acquired absorption and confused appear $0.2000. However, the 61.8% Fib retracement akin of the aftermost abatement from the $0.2250 aerial to $0.1500 low prevented gains. A aerial was formed at $0.1969 and the amount is currently acclimation lower.
On the downside, the 100 alternate simple affective boilerplate abreast $0.1840 is acceptable to act as a above support. Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $0.1731 low to $0.2024 aerial at $0.1850 is additionally a key buy zone.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is hardly in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective bottomward appear the 50 level.
Major Support Level – $0.18500
Major Resistance Level – $0.2024
Charts address – Trading View, Kraken
