XRP takes support at lower level. Any further fall from there and it would be chaotic. Ripple, wihch is trading deep in the red, has managed to bounce a bit from the lower levels but as long as it remains within the kissing distance of the lows of the year hit today, it would continue to be a red flag for the bulls. XRP/USD is down 8 percent on day at $0.451 after making a low of $0.4437. On the hourly chart, the crypto took support exactly at the descending trendline and managed to bounce a bit. But what remains a worry for the bulls is the fact that it is still in a waving distance from that low and any small bounce would only be a selling opportunity for the bears. If XRP manages to break below this low too, then all hell breaks would lose and it would be a long summar holiday for the bulls. XRP/USD hourly 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 Ethereum price analysis: Away from the pits but lost in the downward spiral FX Street 4 years XRP takes support at lower level. Any further fall from there and it would be chaotic. Ripple, wihch is trading deep in the red, has managed to bounce a bit from the lower levels but as long as it remains within the kissing distance of the lows of the year hit today, it would continue to be a red flag for the bulls. XRP/USD is down 8 percent on day at $0.451 after making a low of $0.4437. On the hourly chart, the crypto took support exactly at the descending trendline and managed to bounce a bit. But what remains… 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.
