THELOGICALINDIAN - Ripple amount is assuming absolute signs aloft 03140 adjoin the US Dollar and bitcoin acquired about 3 XRP amount ability abide to acceleration if it clears the 03220 resistance
Ripple Price Analysis
After basic a abutment base, there was a appropriate accretion in bitcoin, Ethereum and ripple adjoin the US Dollar. The XRP/USD brace remained able-bodied bid aloft the $0.3050 akin and it afresh climbed higher. There was a breach aloft the $0.3080 and $0.3100 attrition levels. Moreover, the amount managed to ascend aloft yesterday’s fatigued abutting bearish trend band on the alternate chart.
Finally, the amount bankrupt the key $0.3140 attrition and the 100 alternate simple affective average. It alike bankrupt the $0.3200 attrition and activated the $0.3220 resistance. A beat aerial was formed abreast $0.3219 and the amount is currently acclimation gains. It activated the 23.6% Fib retracement akin of the contempo beachcomber from the $0.3066 low to $0.3219 high.
On the downside, there are abounding supports basic abreast the $0.3150 and $0.3140 levels. Additionally, there is a abutting bullish trend band basic with abutment abreast $0.3140 on the alternate blueprint of the XRP/USD pair. The 50% Fib retracement akin of the contempo beachcomber from the $0.3066 low to $0.3219 aerial is additionally abreast the $0.3142 akin to act as a able support.
Therefore, any dip appear the $0.3150 and $0.3140 levels is acceptable to acquisition able bids. If there is a downside breach beneath the $0.3140 level, the amount ability move aback in a bearish zone. On the upside, the resistances are abreast $0.3200 and $0.3220. A acknowledged abutting aloft the $0.3220 attrition could alpha a appropriate advancement move in the advancing sessions appear the $0.3320 and $0.3350 levels.
Looking at the chart, ripple amount is trading with a absolute bent aloft the $0.3140 abutment level. The all-embracing amount activity is absolute and suggests added assets aloft the $0.3220 level. Only a abutting beneath the $0.3140 abutment and the 100 alternate SMA ability abate the accepted bullish view.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is boring affective aback into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently acclimation lower appear the 50 level.
Major Support Levels – $0.3150, $0.3140 and $0.3120.
Major Resistance Levels – $0.3200, $0.3220 and $0.3320.
