Ripple picked up steam over the weekend session but retreat set in short of $0.2660 resistance. The buyers managed to defend the support at $0.2460 after XRP slipped to $0.2472 (Friday low). Ripple is back in within last week range even though the weekend session was graced with a positive retreat above the simple moving averages. The buyers managed to defend the support at $0.2460 after XRP slipped to $0.2472 (Friday low). Last week high at $0.2672 remains unconquered as the recovery lost steam at $0.2665. Meanwhile, the lock-step trading continues to embrace the support by the 50 SMA currently at $0.2583 and the 100 SMA currently at $0.2577. The Moving Average Convergence Divergence negative gradient suggests that bearish action is swelling. The same technical picture is seen with the Relative Strength Index (RSI) currently below the average. Oversold levels marked the beginning of the weekend correction. For now, initial support at $0.26 limits downside action. Moreover, the ascending trendline is offering anchorage. Both the 50 SMA and the 100 SMA form a strong support area around $0.2580. However, last week lower zone at $0.2460 – $0.2480 is the major support area in the short-term. 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 Japanese investors pile into US Treasuries in July, biggest buying in three years FX Street 4 years Ripple picked up steam over the weekend session but retreat set in short of $0.2660 resistance. The buyers managed to defend the support at $0.2460 after XRP slipped to $0.2472 (Friday low). Ripple is back in within last week range even though the weekend session was graced with a positive retreat above the simple moving averages. The buyers managed to defend the support at $0.2460 after XRP slipped to $0.2472 (Friday low). Last week high at $0.2672 remains unconquered as the recovery lost steam at $0.2665. Meanwhile, the lock-step trading continues to embrace the support by the 50 SMA currently… 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.
