THELOGICALINDIAN - Key Highlights
Ripple amount is affective accurately college adjoin the US Dollar and Bitcoin. XRP/USD is accepting clip appear $2.40 and it may anon breach it.
Ripple Price Trend
There was a slow and abiding rise in Ripple amount from the $1.9000 beat low adjoin the US Dollar. The amount was able to move aback aloft the $2.00 hurdle and is currently placed accurately in the bullish zone. There was additionally a breach aloft the 61.8% Fib retracement akin of the aftermost bead from the $2.50 aerial to $1.60 low. It has opened the doors for added assets and the amount is acceptable to appear $2.50 in the abreast term.
On the downside, there is a acute bullish trend band basic with abutment at $2.1000 on the alternate blueprint of the XRP/USD pair. The brace is currently testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $1.82 low to $2.39 high. However, there is a adventitious of it testing the $2.10 abutment breadth in the abreast term. The mentioned support is about the 50% Fib retracement akin of the aftermost beachcomber from the $1.82 low to $2.39 high. Therefore, any above alteration from the accepted levels against $2.10 and $2.00 charcoal supported.
On the upside, a breach aloft the $2.40 would accessible the doors for an dispatch appear the $2.50 level.
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 accurately aloft the 60 level.
Major Support Level – $2.1000
Major Resistance Level – $2.4000
Charts address – Trading View, Kraken
