THELOGICALINDIAN - Key Highlights
Ripple amount is accepting clip adjoin the US Dollar and Bitcoin. XRP/USD ability anon breach the contempo aerial of $0.2150 for a new account high.
Ripple Price Trend Line Support
It was a good accomplished week for Ripple amount as it confused aloft $0.1800 adjoin the US Dollar. The amount is now in the bullish area and afterward a nice bullish arrangement aloft $0.1900. Recently, it traded abutting to the $0.2150 akin from area a alteration was initiated. The amount traded appear the $0.1950 support. The mentioned $0.1950 abutment acted as a able barrier for sellers. There were 2-3 attempts to breach the $0.1950 support, but sellers failed.
The amount bounced acutely and it is now trading aloft $0.2000 and the 100 alternate simple affective average. The upside move was able back the amount is now aloft the 50% Fib retracement akin of the aftermost abatement from the $0.2150 aerial to $0.1879 low. At the moment, the amount is disturbing to breach the $0.2080 level. The mentioned $0.2080 attrition is the 76.4% Fib retracement akin of the aftermost abatement from the $0.2150 aerial to $0.1879 low. Therefore, there is a adventitious of a accessory dip appear the $0.2000 support and the 100 alternate SMA.
Below $0.2024, there is a aloft bullish trend band basic with abutment at $0.2024 on the alternate blueprint of XRP/USD. As continued as the brace is aloft $0.2024, it charcoal in the uptrend and ability breach $0.2150 soon.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is aback in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now able-bodied aloft the 50 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2080
Charts address – Trading View, Kraken
