XRP/USD movements have been limited by a tight range. A move towards $0.2000 si likely to be sold-off. XRP/USD has recovered from the intraday low of $0.1949 to trade at $0.1960 At the time of writing. The third-largest digital asset has been locked in a tight range for a couple of weeks with the upside limited by psychological $0.2000, while the downside guarded by $0.1900. A sustainable move in either direction will create a strong momentum that will define XRP’s fate for the nearest sessions. Let’s have a closer look at the charts to find out what to expect next. XRP/USD: Technical picture On the 1-hour chart, XRP/USD has returned above a local pivotal area created by a combination of 1-hour SMA50 and SMA100 at $0.1950. However, the upside momentum is too weak to generate a strong bullish move towards the next local barrier created by 1-hour SMA200 on approach to $0.1980. The RSI also stays flat on the neutral territory, which implies the price may stay range-bound around the current level during the nearest trading hours. XRP/USD 1-hour chart The picture is similar on a larger time frame with the resistance at $0.1980 confirmed by 4-hour SMA50. A sustainable move above this area is needed for the upside to gain traction towards the above-mentioned channel resistance at $0.2000 reinforced by a combination of 4-hour SMA100 and the upper line of the 4-hour Bollinger Band located on approach. While the RSI on the 4-hour chart has started to reverse to the upside, the momentum is not strong enough to take the price outside the range. It means, that the attempts to break above $0.2000 are likely to result in a news sell-off towards the lower boundary of the channel. XRP/USD 4-hour 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 EUR/GBP: Support at 0.8888/78 ideally holds with resistance seen at 0.9057 – Credit Suisse FX Street 3 years XRP/USD movements have been limited by a tight range. A move towards $0.2000 si likely to be sold-off. XRP/USD has recovered from the intraday low of $0.1949 to trade at $0.1960 At the time of writing. The third-largest digital asset has been locked in a tight range for a couple of weeks with the upside limited by psychological $0.2000, while the downside guarded by $0.1900. A sustainable move in either direction will create a strong momentum that will define XRP’s fate for the nearest sessions. Let’s have a closer look at the charts to find out what to expect next. XRP/USD:… 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.
