Ripple resumes the downtrend after a triangle breakout bounced. XRP/USD is strongly supported with the first short-term support holding ground at $0.28. After leading the recovery on Thursday, XRP bulls are taking a breather before launching another assault. The bullish leg yesterday remarkably stepped above $0.30 but failed to sustain the upward movement. For this reason, the price is suffering under a relatively strong bearish momentum. From an opening price of $0.3023 XRP ascended to highs of $0.3023 before adjusting to the current market value of $0.2976 after correcting lower 1.45%. Interestingly, Ripple price is trading above he Simple Moving Averages (SMA). The 50 SMA on the 720-minutes chart and the 1000 SMA have been functioning as support areas since Ripple October 7 when XRP extended the gains from the September lows under $0.20. The Relative Strength Index (RSI) is in retreat showing that the bears are fighting for revenge. Besides, the failed attempt to break past the symmetrical triangle resistance gave the sellers a gap to explore. Glancing lower short-term support exists at $0.28, the SMAs, $0.24 and $0.22. XRP/USD 720-minutes 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 Bitcoin re-enters $8,000-zone, but what is its upside potential? – Confluence Detector FX Street 3 years Ripple resumes the downtrend after a triangle breakout bounced. XRP/USD is strongly supported with the first short-term support holding ground at $0.28. After leading the recovery on Thursday, XRP bulls are taking a breather before launching another assault. The bullish leg yesterday remarkably stepped above $0.30 but failed to sustain the upward movement. For this reason, the price is suffering under a relatively strong bearish momentum. From an opening price of $0.3023 XRP ascended to highs of $0.3023 before adjusting to the current market value of $0.2976 after correcting lower 1.45%. Interestingly, Ripple price is trading above he Simple Moving… 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.
