THELOGICALINDIAN - Key Highlights
Ripple amount confused bottomward acutely adjoin the US Dollar and Bitcoin. XRP/USD is now able-bodied beneath $0.3800 and it may conceivably abatement added appear $0.3200.
Ripple Price Trend
There were heavy slides beneath the $0.4000 abutment in Ripple amount adjoin the US Dollar. The XRP/USD brace bankrupt a acute abutment bygone abreast the $0.4270 level, which opened the doors for added declines. Today, the amount confused beneath the $0.3800 and $0.3600 abutment levels. The trend was such that the amount alike bankrupt the $0.3500 level. A low was formed at $0.3400 and it seems like the amount may abide to move down.
An antecedent attrition on the upside is abreast the 23.6% Fib retracement akin of the aftermost accelerate from the $0.4138 aerial to $0.3400 low. There is additionally a above bearish trend band in abode with attrition at $0.3900 on the alternate blueprint of the XRP/USD pair. However, any above upside move from the accepted levels will best acceptable face barriers abreast the $0.3600 and $0.3800 levels. The 50% Fib retracement akin of the aftermost accelerate from the $0.4138 aerial to $0.3400 low is additionally positioned abreast the $0.3750 level.
Looking at the chart, ripple amount is beneath a solid bearish burden and it may anon breach the $0.3400 low. The abutting abutment on the downside is abreast the $0.3200 level. Below this, the amount may alike analysis the $0.3000 akin in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is placed heavily in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently affective lower appear the 15 level.
Major Support Level – $0.3200
Major Resistance Level – $0.3800
