THELOGICALINDIAN - Key Highlights
Ripple amount is alignment with a slight bearish bent adjoin the US Dollar and Bitcoin. XRP/USD needs to achieve aloft $0.2024 for added assets in the abreast term.
Ripple Price Upside Hurdle
There was not abundant of activity in Ripple amount as it bootless to breach the $0.2000 handle adjoin the US Dollar. There is a apathetic and abiding abatement in abode with accepted upside hurdle abreast $0.1950. The amount seems to be disturbing to accretion drive aloft $0.1950 and afresh confused beneath the 100 alternate simple affective average. It is a concise bearish assurance beneath $0.2000.
The amount is currently trading aloof beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.1500 low to $0.2024 high. On the upside, there is a aloft abutting bearish trend band basic with attrition at $0.2024 on the alternate blueprint of XRP/USD. A breach and abutting aloft the trend band attrition at $0.2024 ability alarm for a analysis of $0.2024. The mentioned $0.2024 akin is the best important hurdle for buyers in the abreast term.
A acknowledged abutting aloft the $0.2000 akin is bare for buyers to accretion drive appear $0.2250. On the downside, the abutting important abutment is the 50% Fib retracement akin of the last wave from the $0.1500 low to $0.1970 aerial at $0.1733. The amount ability ambit barter in the abbreviate appellation with accessory dips appear the $0.1800 and $0.1750 levels.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD has confused into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now beneath 50 level.
Major Support Level – $0.1800
Major Resistance Level – $0.2024
Charts address – Trading View, Kraken
