Ripple finds solace above $0.26 support after bears drill holes in other support zones. The RSI’s retreat towards the average will suggest bulls are gaining traction against the bears. Ripple bears continue to drill holes in key support areas. Last week’s attempt to correct above $0.3 hurdle miserably failed to gain traction above $0.29. For this reason, the price action that followed has been strongly bearish endangering viable support areas. At the time of writing, Ripple price is holding ground above $0.26 while the immediate upside is capped under $0.27. the prevailing trend is slightly bullish but inclined towards making sideways trading. Read also: “Bitcoin is here to stay,” Says Morgan Creek Digital’s Pompliano Looking at the hourly timeframe chart, the Relative Strength Index (RSI) leveling slightly below 30. Retreat towards the average will suggest bulls are gaining traction against the bears. Moreover, it is vital that the buyers increase their positions to push XRP above $0.27. Besides, trading above the short-term descending trendline could give the price a boost above the moving averages. Importantly, the best bet for Ripple is to see the price above $0.30. 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 Canada: CPI likely to slip to 1.7% in July – TD Securities FX Street 4 years Ripple finds solace above $0.26 support after bears drill holes in other support zones. The RSI's retreat towards the average will suggest bulls are gaining traction against the bears. Ripple bears continue to drill holes in key support areas. Last week's attempt to correct above $0.3 hurdle miserably failed to gain traction above $0.29. For this reason, the price action that followed has been strongly bearish endangering viable support areas. At the time of writing, Ripple price is holding ground above $0.26 while the immediate upside is capped under $0.27. the prevailing trend is slightly bullish but inclined towards making… 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.
