THELOGICALINDIAN - Key Highlights
Ripple amount is accepting upside drive adjoin the US Dollar and Bitcoin. XRP/USD is assertive to extend assets and downsides abide accurate aloft $0.5100.
Ripple Price Trend
There was a nice abutment base formed abreast the $0.4850 akin in Ripple amount adjoin the US Dollar. The amount started an upside move and succeeded in breaking the $0.5000 resistance. It opened the doors for added gains, which resulted in an alternate abutting aloft $0.5100 and the 100 alternate simple affective average. It alike confused accomplished the $0.5200 attrition and traded as aerial as $0.5550 recently.
A downside alteration is underway from the $0.5550 high. During the aftermost slide, the amount already activated the 50% Fib retracement akin of the aftermost beachcomber from the $0.4938 low to $0.5550 high. The abatement was adequate by the $0.5200 abutment and the amount confused aback in the absolute zone. It is currently trading able-bodied aloft the $0.5300 akin and it looks set for added gains. On the upside, a breach aloft the $0.5550 aerial could clear the aisle for a push aloft the $0.5800 akin in the abreast term.
The abutting attrition aloft $0.5800 sits abreast $0.6000. On the downside, beneath $0.5300, there is additionally a aloft bullish trend band basic with abutment at $0.5050 on the alternate blueprint of the XRP/USD pair. As continued as the brace is aloft $0.5100, it charcoal in an uptrend for added gains.
Looking at the abstruse indicators:
Hourly MACD – The MACD for XRP/USD is placed accurately in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently acclimation lower from 70.
Major Support Level – $0.5100
Major Resistance Level – $0.5550
Charts address – Trading View
