THELOGICALINDIAN - Key Highlights
Ripple amount continued upsides adjoin the US Dollar and Bitcoin. XRP/USD is in the bullish area and charcoal buy on dips abreast $0.2450.
Ripple Price Support
The upside ride in Ripple amount continued over the weekend aloft the $0.2500 akin adjoin the US Dollar. The amount traded aloft the $0.2500 and $0.2700 attrition levels. A aerial was formed aloft $0.2800 afore a alteration beachcomber was initiated. The amount has already breached the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2330 low to $0.2800 high. At the moment, the amount is attempting a downside breach of a concise bullish trend band at $0.2640.
The abutting important abutment is abutting to the 50% Fib retracement akin of the aftermost beachcomber from the $0.2330 low to $0.2800 aerial at $0.2560. Moreover, there is a acute bullish trend band basic with abutment at $0.2450 on the alternate blueprint of the XRP/USD. An average abutment is about the 61.8% Fib retracement akin of the aftermost beachcomber from the $0.2330 low to $0.2800 aerial at $0.2510.
Overall, there are abounding supports aloft the $0.2450 level. A dip from the accepted levels can be apparent as affairs befalling abreast $0.2500 and $0.2450. On the upside, the contempo aerial of $0.2800 is a above resistance. Aloft $0.2800, the abutting acute hurdle for buyers is abreast $0.3000.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is affective aback in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is affective lower appear the 50 level.
Major Support Level – $0.2500
Major Resistance Level – $0.2800
Charts address – Trading View, Kraken
