XRP/USD is little change on a daily basis, off the recent lows. Ripple needs to regain $0.3200 to improve technical picture. XRP has bee dancing around $0.30 since the end of April. While the third largest cryptocurrency managed to recover from the recent low of $0.2974 touched on Monday, it is still caped by $0.3100 resistance level. Ripple’s current market value is registered at $12.8 billion, while an average daily trading volume has settled at $1.1 billion. XRP’s technical picture XRP/USD retains positive stance as long as it stays above $0.30 handle. A sustainable move lower will strengthen the short-term bears’ case and push the price towards the next critical barrier at $0.2870 (March 28 low). That’s where new buyers are likely to join the game and initiate a new recovery wave. On the upside, we will need to see a strong move above $0.31 for the recovery to gain traction with the next focus on $0.3200 strengthened by DMA50 with 61.8% Fibo retracement located on marginally above this level. XRP/USD has been trading below DMA50 since the end of April, thus a sustainable move higher will improve the long-term technical picture. XRP/USD, 1-day 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 AUD to continue to push towards 0.7060/80 post RBA – Westpac FX Street 3 years XRP/USD is little change on a daily basis, off the recent lows. Ripple needs to regain $0.3200 to improve technical picture. XRP has bee dancing around $0.30 since the end of April. While the third largest cryptocurrency managed to recover from the recent low of $0.2974 touched on Monday, it is still caped by $0.3100 resistance level. Ripple's current market value is registered at $12.8 billion, while an average daily trading volume has settled at $1.1 billion. XRP's technical picture XRP/USD retains positive stance as long as it stays above $0.30 handle. A sustainable move lower will strengthen the short-term… Top 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.
