- XRP/USD sits at $0.4600, movements are minimal.
- Ripple adds Amir Sarhangi from Google as a Vice President of Products.
XRP/USD has been hovering around $0.4600 handle for the recent seven days with no signs of an upcoming breakthrough from this depressingly narrow range. The third largest digital coin has gained about 0.70% in the recent 24 hours and stayed unchanged since the beginning of Monday.
What’s going on
Meanwhile, Ripple maybe congratulated on a new team member. The lead of Google’s Wireless Messaging system RCS Amir Sarhangi joined the company as a Vice President of Products.
This is a good news for the startup, focused on payment and technology solutions for financial institutions. According to the latest report, published by Ripple Labs, the company managed to sell $163 million XRP tokens in Q3 2018.
XRP’s technical picture
Above the current price, a confluence of strong technical levels, discourage XRP’s bulls. A host of SMAs, 38.2% Fibo retracement level (daily) and Bollinger Band 4H Middle won’t let the price higher without a strong trigger. Though, once it happens, XRP/USD will catapult towards $0.4700 and $0.50.
Once the price moves below $0.4550 area that encompasses 38.2% Fibo retracement weekly, the sell-off may continue towards $0.4500 and $0.4478 (DMA50).
XRP/USD, 1-hour chart