THELOGICALINDIAN - Key Highlights
Ripple amount is affective accurately adjoin the US Dollar and Bitcoin. XRP/USD may conceivably abide to move college aloft the $0.5500 resistance.
Ripple Price Trend
Recently, there was a downside reaction beneath the $0.5300 akin in Ripple amount adjoin the US Dollar. The XRP/USD brace traded appear the $0.5250 abutment breadth area buyers appeared. Moreover, the 76.4% Fib retracement akin of the aftermost beachcomber from the $0.5105 low to $0.5615 aerial additionally acted as a support. XRP amount bounced aback from the $0.5250 abutment and the 100 alternate simple affective average.
It climbed aback aloft the $0.5300 attrition with absolute signs. During the upside, the amount bankrupt the 50% Fib retracement akin of the aftermost abatement from the $0.5611 aerial to $0.5234 low. At the moment, the amount is trading aloof beneath the $0.5500 resistance, which is preventing an upside break. Additionally, the 61.8% Fib retracement akin of the aftermost abatement from the $0.5611 aerial to $0.5234 low is additionally acting as a hurdle for buyers. Should there be a breach aloft $0.5500, the amount may conceivably move accomplished $0.5600. More importantly, there is a acute ascendance approach basic with abutment at $0.5380 on the alternate blueprint of the XRP/USD pair.
Looking at the chart, the amount charcoal able-bodied accurate aloft $0.5350. Below this, the amount ability move aback appear the aftermost beat low of $0.5250 in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is affective boring in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now placed accurately aloft the 50 level.
Major Support Level – $0.5350
Major Resistance Level – $0.5500
