- Ripple price resumed the trend after trading New December lows at $0.292.
- XRP/USD is table above $0.30 after being reject at $0.32.
- Coinbase explores listing XRP and other digital assets.
Ripple (XRP) finally joined the rest of the market in trimming gains amid the ongoing crypto selloff. The asset has shed off at least 50 percent of its value in November. Besides, the chart’s show a 92% drop from the all-time high in January 2018. Ripple has a market capitalization of $12 billion and a 24-hour exchange volume that stands at $465 million.
The declines last week had Ripple slide below the vital support at $0.3 and formed new December lows at $0.292. An upward move from the lows ensued during the weekend sessions. XRP/USD stepped above $0.32 before the bullish trend turned bearish. The price is stable above $0.30 and has formed a short-term contracting triangle on the 15-minutes range.
Indicators on the chart are steadily turning positive. Which means than an upside correction can be expected as well in addition to a breakout from the triangle resistance. The RSI has been stable avoiding the oversold regions since Saturday. It is currently ranging at 50 a pointing slight to the upside.
The supply zone at $0.32 will limit upward movement while $0.35 is a key resistance zone. Both the 50 and the 100 moving averages will also stand in the way of gains towards $0.35. Besides, the main support at $0.292, $0.305 and $0.30 will work as important support zones as well.
In other news, Coinbase announced last week on Friday that it is exploring listing more assets to its trading platforms. Some of the assets being considered include XRP, Stellar (XLM< Cardano (ADA), NEO as well as Tezos (XTZ). The exchange is currently conducting a technical analysis for these assets, although it did not specify when to expect the listings. As usual if selected, the assets will go through Coinbase's listing process before the support is fully integrated.
XRP/USD 15′ chart
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