THELOGICALINDIAN - Key Highlights
Ripple amount is accumulation assets adjoin the US Dollar and Bitcoin. XRP/USD may dip a few points, but it charcoal accurate aloft the $0.6500 level.
Ripple Price Trend
There was a slow and abiding upside move in Ripple amount aloft the $0.6200 adjoin the US Dollar. The amount traded college and confused aloft the $0.7000 level. It is now trading in a bullish area aloft the $0.6560 akin and the 100 alternate simple affective average. The contempo aerial was formed at $0.7258 from area a downside alteration was initiated.
XRP amount has confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.5342 low to $0.7258 high. There is additionally a concise crumbling approach basic with attrition abreast $0.6900 on the alternate blueprint of the XRP/USD pair. However, the brace remains able-bodied supported aloft the $0.6500 akin and the 100 alternate SMA. The declared $0.6500 abutment is additionally abreast the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.5342 low to $0.7258 high. Therefore, any aloft dips from the accepted levels could acquisition buyers aloft $0.6500.
A breach beneath the $0.6500 abutment and a abutting beneath the 100 alternate SMA may advance the amount in a bearish zone. On the upside, the approach attrition at $0.6900 charge be breached for a retest of $0.7250. Above $0.7250, the amount may acceleration appear the $0.7400 level.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is about to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently aloof beneath the 50 level.
Major Support Level – $0.6500
Major Resistance Level – $0.6900
Charts address – Trading View
