THELOGICALINDIAN - Key Highlights
Ripple amount is crumbling already afresh adjoin the US Dollar and Bitcoin. XRP/USD could alike breach the $0.2650 abutment to analysis the $0.2500 akin in the abreast term.
Ripple Price Resistance
Recently, Ripple amount retested the $0.2650-80 abutment breadth adjoin the US Dollar. The XRP/USD brace begin a able affairs absorption and after started an advancement move aloft the $0.2750 level. The amount alike bankrupt the $0.2800 attrition and the 50% fib retracement akin of the aftermost abatement from the $0.3044 aerial to $0.2685 beat low.
However, the upside move was capped by the $0.2900 attrition and the 100 alternate simple affective average. Furthermore, the amount bootless to bright the 61.8% fib retracement akin of the aftermost abatement from the $0.3044 aerial to $0.2685 beat low. More importantly, there is a key bearish trend band in abode with attrition at $0.2850 on the alternate blueprint of the XRP/USD pair. The brace was acutely alone and it is currently affective lower appear the aftermost beat low at $0.2680. It seems like sellers could accomplish an attack to bright the $0.2680 and $0.2650 levels. If they succeed, the price ability drop aback appear the $0.2500 abutment zone.
Looking at the chart, ripple amount is trading in a bearish area beneath the $0.2900 and $0.3000 attrition levels. If buyers charge to accretion traction, they accept to advance the amount accomplished $0.3000.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now able-bodied beneath the 50 level.
Major Support Level – $0.2680
Major Resistance Level – $0.2900
