Course Ripple is restored. Overcome the resistance line of $0.45 and $0.46. The resistance of the downward trend line was broken in the neighborhood of $0.4660 on the hourly chart the pair XRP/USD. At $0.49 XRP may be faced with the counterattack of bears.
The dynamics of the course
Yesterday we all witnessed a decline in the exchange rate XRP below $0.5. The cost of the third largest cryptocurrency dropped in the direction of $0.4, breaking through the support line of $0.45 and $0.42, followed by restorative correction. The bulls managed to gain a foothold above the level of 23.6% Fibonacci retracement from the last recession $0.5208-$0.4020.
Most importantly, it was broken the resistance of downward trend line at $0.4660 (hourly chart the pair XRP/USD). At the time of this writing the bulls try strength resistance $0.48. Following is the simple moving average 100 hours ($0.4920). Breakthrough $0.4860 will be a very difficult task, and the overcoming of levels $0.4900 $0.4920.
In the near future we should expect a consolidation at the level of $0.47, or attempts of bulls to break through the resistance around $0.49. The key support levels remain at $0.45 and $0.42.
Performance review
Convergence/divergence (MACD) for the pair XRP/USD returns to bullish zone. The relative strength index (RSI) rose above 50.
The main support level of $0.45 and resistance is $0.49.
