THELOGICALINDIAN - Key Highlights
Ripple amount is captivation key abutment levels adjoin the US Dollar and Bitcoin. XRP/USD is aloft the $0.2024 abutment and advancing for the abutting break.
Ripple Price Support
There were mostly alignment moves in Ripple amount aloft the $0.1950 support adjoin the US Dollar. Buyers bootless and there was additionally no upside breach aback buyers struggled to abode the amount aloft the $0.2050 resistance. There was a alteration beachcomber accomplished from the $0.2168 beat aerial and the amount beneath aback beneath $0.2100. However, the downside move was adequate by the 50% Fib retracement akin of the aftermost leg up from the $0.1845 low to $0.2168 high.
Moreover, the 100 alternate simple affective boilerplate is abreast $0.2020 and captivation the accepted downside wave. Below $0.2020, there is a acute abutment breadth abreast $0.1960-50. The mentioned $0.1950 acted as a able buy area on abounding occasions and would abide to hold downsides in the abbreviate term. At the moment, a bearish trend band basic with attrition at $0.2030 on the alternate blueprint of the XRP/USD brace is preventing gains.
A able abutting aloft $0.2030 and $0.2050 could burn an upside move. The abutting aloft attrition would be the aftermost beat aerial at $0.2168. Overall, as continued as the amount is aloft $0.2024, it charcoal accurate for added assets in the abreast appellation appear $0.2165-68.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is currently collapsed in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently affective lower and is beneath the 50 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2030
Charts address – Trading View, Kraken
