THELOGICALINDIAN - Key Highlights
Ripple amount is placed in a absolute area adjoin the US Dollar and Bitcoin. XRP/USD could abide to accretion absorption aloft the $0.3400 and $0.3500 levels.
Ripple Price Support
This accomplished week, there was a nice upside move in Ripple amount aloft the $0.2800 attrition akin adjoin the US Dollar. The XRP/USD brace acquired absorption and buyers were acknowledged in blame the amount aloft the $0.3000 and $0.3200 attrition levels. The amount additionally climbed aloft the $0.3500 attrition akin and traded abutting to the $0.3800 level. A aerial was formed at $0.3765 and after the amount adapted lower.
It beneath beneath the $0.3500 abutment akin and activated the $0.3100-0.3200 abutment area. A low was formed at $0.3130 afore the amount started an upside move. It acquired drive and confused aloft $0.3400. Moreover, there was a breach aloft 50% Fib retracement akin of the aftermost abatement from the $0.3765 aerial to $0.3130 low. At present the amount is trading accurately aloft the $0.3300 and $0.34000 levels. On the upside, the amount is acceptable to gain momentum aloft $0.3520 for added gains. On the downside, there is a new important abutting bullish trend band in abode with abutment at $0.3310 on the alternate blueprint of the XRP/USD pair.
Looking at the chart, ripple is trading in an uptrend aloft the $0.3200 support. Buyers are acceptable to advance the amount aloft the $0.3500 and $0.3700 levels in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is boring affective in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is placed aloft the 50 level.
Major Support Level – $0.3200
Major Resistance Level – $0.3500
