THELOGICALINDIAN - Key Highlights
Ripple amount is captivation important abutment levels adjoin the US Dollar and Bitcoin. XRP/USD is acceptable to move added college aloft the $0.5050 akin in the abreast term.
Ripple Price Trend
Yesterday, there was a accessory upside beachcomber aloft the $0.4900 akin in Ripple amount adjoin the US Dollar. After basic a low abreast the $0.4750 support, the amount confused higher. There was a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $0.5204 aerial to $0.4750 low. The XRP/USD brace traded aloft the $0.5000 level, but upsides were capped by the $0.5050 resistance.
Moreover, the 61.8% Fib retracement akin of the aftermost abatement from the $0.5204 aerial to $0.4750 low additionally acted as a resistance. The brace biconcave already again, but declines were adequate by the $0.4900 abutment zone. There is additionally a aloft bullish trend band in abode with abutment at $0.4900 on the alternate blueprint of the XRP/USD pair. The brace is currently trading accurately aloft the $0.4900 abutment and the 100 alternate simple affective average. A breach beneath $0.4900 may conceivably advance the amount appear the $0.4750 abutment zone.
Looking at the chart, the amount charge bright the $0.5000 and $0.5050 attrition levels to accretion traction. Aloft $0.5050, the amount could revisit the $0.5200 zone. The all-embracing amount activity is absolute as continued as the amount is aloft the $0.4750 abutment area.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is boring affective in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now aloof aloft the 50 level.
Major Support Level – $0.4900
Major Resistance Level – $0.5050
