Ripple falls in a channel trap in the short term. Long term lower highs put pressure. XRP the crypto with a surprise upsurge last month, has got itself trapped in a lower high, lower low channel formation on the short term charts, even as in the long term, creation of lower highs is putting pressure on the prices. XRP/USD is down just a tad under 3 percent at $0.4718, not way above the low of the day. On the 15-minute chart of XRP, the appearance of lower high and lower low downward sloping parallel channel makes for a trap on the prices and creates a short term selling pressure on the prices. Even on the long term 720-minute chart, the bulls have got themselves exhausted after a stellar run last month and have not been able to cross a descending trendline thats been formed from last month’s high in the form of lower highs. XRP/USD 15-minute chart: XRP/USD 720-minute 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 Gold: This rising wedge formation could be catastrophic FX Street 4 years Ripple falls in a channel trap in the short term. Long term lower highs put pressure. XRP the crypto with a surprise upsurge last month, has got itself trapped in a lower high, lower low channel formation on the short term charts, even as in the long term, creation of lower highs is putting pressure on the prices. XRP/USD is down just a tad under 3 percent at $0.4718, not way above the low of the day. On the 15-minute chart of XRP, the appearance of lower high and lower low downward sloping parallel channel makes for a trap on… 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.
