The volatility in the previous week made it difficult to sustain the price above $0.30. Ripple has a bearish bias in the near-term especially RSI diving sharply towards the oversold. Ripple is extending consolidation in a wide range between $0.28 and $0.34. In fact, for more than two weeks now, Ripple stayed above $0.30 support area. There have been attempts to break above $0.34 critical level but the price ended up making lower price actions. The volatility in the previous week made it even more difficult to sustain the price at $0.30. However, the bulls woke up this week sending XRP/USD above the 50 Simple Moving Average (SMA) 1-hour and the 100 Simple Moving Average (SMA) 1-hour. The immediate upside is capped at $0.32 in addition to the trendline resistance as observed on the hourly chart. On the downside, both the moving averages stand in line to anchor the losses. Ripple has a bearish bias in the near-term especially with the Relative Strength Index (RSI) diving sharply towards the oversold. On the positive side, the Moving Average Convergence Divergence (MACD) sits above the mean line (0.000). Moreover, the ranging trend suggests continued consolidation whose constriction would squeeze through $0.32 hurdle. XRP/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next UK: Manufacturing PMI unchanged at 48.0 in July – TD Securities FX Street 4 years The volatility in the previous week made it difficult to sustain the price above $0.30. Ripple has a bearish bias in the near-term especially RSI diving sharply towards the oversold. Ripple is extending consolidation in a wide range between $0.28 and $0.34. In fact, for more than two weeks now, Ripple stayed above $0.30 support area. There have been attempts to break above $0.34 critical level but the price ended up making lower price actions. The volatility in the previous week made it even more difficult to sustain the price at $0.30. However, the bulls woke up this week sending… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
