THELOGICALINDIAN - Key Highlights
Ripple amount is boring accepting bullish clip adjoin the US Dollar and Bitcoin. XRP/USD has to beat the $0.2120 akin for added upsides.
Ripple Price Resistance
There was a slow and abiding upside move accomplished from the $0.1900 low in Ripple amount adjoin the US Dollar. The amount was acknowledged in affective aloft the $0.2000 handle and the 50% Fib retracement akin of the aftermost abatement from the 0.2215 aerial to $0.1900 low. The upside move was absolute as the amount was able to move aloft the $0.2040 attrition and the 100 alternate simple affective average.
Moreover, yesterday’s accent application triangle with accepted abutment at $0.2060 is still in abode on the alternate blueprint of the XRP/USD pair. As continued as the brace is aloft $0.2060 and $0.2040, there is a adventitious of it gaining bids for the abutting leg. On the upside, the brace needs to achieve aloft the 61.8% Fib retracement akin of the aftermost abatement from the 0.2215 aerial to $0.1900 low.
Once the brace is aloft $0.2120, it could calmly move appear the aftermost beat aerial of $0.2220. On the downside, the mentioned $0.2040 akin is a above abutment abreast the 100 alternate SMA. Should there be a breach beneath $0.2040, there can be a downside acknowledgment against the $0.2024 handle.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is currently attempting to move aback in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective bottomward from the 60 akin against 50.
Major Support Level – $0.2040
Major Resistance Level – $0.2120
Charts address – Trading View, Kraken
