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Moreover, the XRP/USD pair also made an attempt to clear this week’s pointed bullish trend line with current support at $0.2030 on the hourly chart. At the moment, the pair is just above the trend line support at $0.2030 and the 100 hourly SMA. Once there is a break and close below $0.2000, there can be a downside push towards $0.1950. An immediate support sits around the 50% Fib retracement level of the last wave from the $0.1880 low to $0.2093 high.
The most important support is near $0.1950 and the 61.8% Fib retracement level of the last wave from the $0.1880 low to $0.2093 high. On the upside, buyers need to gain momentum above $0.2100 to push the price towards $0.2250.
Hourly MACD – The MACD for XRP/USD is about to move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 60 level.
Major Support Level – $0.2000
Major Resistance Level – $0.2100
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Charts courtesy of Trading View