THELOGICALINDIAN - Key Highlights
Ripple amount powered college adjoin the US Dollar and Bitcoin. XRP/USD ability abide to accretion clip and could alike breach $0.2500.
Ripple Price Bullish Trend
During the accomplished few days, there was a sharp rise in Ripple amount aloft the $0.2100 akin adjoin the US Dollar. Yesterday, I mentioned that the amount ability abide to move college and the abutting above hurdles are $0.2400 and $0.2500. The amount continued its assets and was able to move accomplished the $0.2400 handle. A aerial was formed at $0.2446 and the amount after started a downside correction.
It is currently testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2010 low to $0.2446 high. Moreover, there is a aloft bullish trend band basic with abutment at $0.2340 on the alternate blueprint of the XRP/USD. As continued as the amount is aloft the trend band support at $0.2340, it ability move aback aloft $0.2400 and could alike barter appear $0.2500.
On the added hand, a breach and abutting beneath $0.2340 would alarm for a analysis of the 50% Fib retracement akin of the aftermost beachcomber from the $0.2025 low to $0.2446 high. The all-embracing trend is bullish for XRP and the amount is acceptable to anatomy yet addition aerial aloft $0.2446 in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is currently assuming a lot of absolute signs.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is acclimation lower from the overbought levels.
Major Support Level – $0.2340
Major Resistance Level – $0.2440
Charts address – Trading View, Kraken
