THELOGICALINDIAN - Ripple is accepting bullish drive aloft 02200 adjoin the US Dollar agnate to bitcoin aloft 7000 XRP amount is acceptable to advance assets aloft 02300 and 02320
Ripple Price Analysis
After basic a abutment abject aloft $0.2024, ripple started a appropriate advancement move adjoin the US Dollar. XRP amount bankrupt a brace of key resistances abreast the $0.2100 and $0.2150 levels.
Finally, it managed to ascend aloft the $0.2180 attrition and the 100 alternate simple affective average. Therefore, it opened the doors for added upsides aloft the $0.2200 resistance. The contempo accretion was such that the amount alike climbed aloft the $0.2250 resistance.
The amount traded as aerial as $0.2301 and it is currently acclimation gains. Additionally, it traded beneath the 23.6% Fib retracement akin of the advancement beachcomber from the $0.2127 low to $0.2301 high.
On the downside, there are abounding supports abreast the $0.2200 akin and the 100 alternate simple affective average. Moreover, there is a new abutting bullish trend band basic with abutment abreast $0.2190 on the alternate blueprint of the XRP/USD pair.
The 50% Fib retracement akin of the advancement beachcomber from the $0.2127 low to $0.2301 aerial is additionally abreast the 100 alternate SMA to accommodate support. If there is a downside breach beneath the trend line, ripple may possibly retest the $0.2140 and $0.2130 abutment levels.
Any added losses could advance the amount aback into a bearish area beneath the $0.2100 support. The abutting above abutment is abreast the contempo account low of $0.2024.
On the upside, an antecedent attrition is abreast the $0.2300 level. A acknowledged breach aloft the $0.2300 hurdle is acceptable to advance the amount appear the $0.2350 resistance. The final ambition for the accepted accretion could be abreast the $0.2380 level.
Looking at the chart, ripple amount is trading aloft a brace of key supports abreast $0.2200 and $0.2180. As continued as there is no abutting beneath $0.2180, the amount is acceptable to ascend aloft $0.2300 and $0.2350 in the abreast term.
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 able-bodied aloft the 50 level, with absolute signs.
Major Support Levels – $0.2200, $0.2180 and $0.2140.
Major Resistance Levels – $0.2300, $0.2350 and $0.2380.
