XRP price jumped above $0.3200, but the upside proved to be unsustainable DMA100 is a strong barrier that caps the price. XRP/USD jumped as high as $0.3267 during European hours, gaining over 5% in a matter of hours. While the coin has retraced from the recent high to trade marginally below $0.3200 at the time of writing, it is still nearly 3% higher than at the beginning of Wednesday. If the coin stays above $0.3200, the short-term technical picture will improve significantly, though from a longer-term point of view we will need to see a move above $0.3270. This barrier is created by a confluence of DMA100 and a sloping trendline from December 25 high. A sustainable move higher will signal the reversal of the trend. On the downside, critical support lies with $0.3100 with DMA50 on approach. Once below, the sell-off may gain traction with the next focus on psychological $0.30. 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 EU’s Malmstrom: EU nations moving toward approving U.S. trade talks FX Street 4 years XRP price jumped above $0.3200, but the upside proved to be unsustainable DMA100 is a strong barrier that caps the price. XRP/USD jumped as high as $0.3267 during European hours, gaining over 5% in a matter of hours. While the coin has retraced from the recent high to trade marginally below $0.3200 at the time of writing, it is still nearly 3% higher than at the beginning of Wednesday. If the coin stays above $0.3200, the short-term technical picture will improve significantly, though from a longer-term point of view we will need to see a move above $0.3270. This… 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.
