XRP/USD butchers the support at the 50% Fib level. Ripple defends $0.30 support as market sinks slightly in the red. As discussed earlier, XRP/USD failed to sustain the triangle breakout that has been forming since mid-February as seen on the 4-hour chart. The struggle at $0.32 proved to be an uphill task and the momentum came to a sudden halt. The bearish wave sweeping across the market at press time has seen XRP/USD butcher the support at the 50% Fib level 1-hour and the next support targets at $0.3050 and $0.3100. Ripple has tested $0.3050 but recovered slightly to the current $0.3097. It is essential that the buyers defend $0.30 support otherwise, we could see Ripple breakdown to test $0.28 and $0.26 support areas. 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 USD/JPY Technical Analysis: Bullish turnaround en route towards 111.00 handle FX Street 4 years XRP/USD butchers the support at the 50% Fib level. Ripple defends $0.30 support as market sinks slightly in the red. As discussed earlier, XRP/USD failed to sustain the triangle breakout that has been forming since mid-February as seen on the 4-hour chart. The struggle at $0.32 proved to be an uphill task and the momentum came to a sudden halt. The bearish wave sweeping across the market at press time has seen XRP/USD butcher the support at the 50% Fib level 1-hour and the next support targets at $0.3050 and $0.3100. Ripple has tested $0.3050 but recovered slightly to the… 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.
