XRP/USD remains heavy after Monday’s pump-and-dump performance. Bullish MACD probes bears targeting five-week-old support line, January top offers key upside hurdle. XRP/USD stays depressed near 0.3700 by the end of Tuesday’s trading session. The ripple bears are cheering the consolidation of Monday’s heavy jump but 100-day SMA restricts immediate downside amid bullish MACD. Hence, a sustained trading below 0.3700 becomes necessary for the XRP/USD sellers to extend the latest south-run. In doing so, an upward sloping trend line from December 29, at 0.2586, should be their ultimate target. However, the 0.3000 round-figure can offer an intermediate halt during the fall. Meanwhile, the corrective pullback may aim for the 0.4000 threshold, 0.4400 and the 0.5000 round-figure resistance levels but can’t convince XRP/USD buyers before crossing January’s top of 0.5167. In a case where the quote regains upside momentum beyond January high, December 2020 peak surrounding 0.6580 and the latest top of 0.7565 can probe bulls eyeing the all-time high of 0.7842 XRP/USD daily chart Trend: Further weakness expected 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 Gold Price Analysis: XAU/USD consolidates biggest losses in a month below $1,850 FX Street 1 year XRP/USD remains heavy after Monday’s pump-and-dump performance. Bullish MACD probes bears targeting five-week-old support line, January top offers key upside hurdle. XRP/USD stays depressed near 0.3700 by the end of Tuesday’s trading session. The ripple bears are cheering the consolidation of Monday’s heavy jump but 100-day SMA restricts immediate downside amid bullish MACD. Hence, a sustained trading below 0.3700 becomes necessary for the XRP/USD sellers to extend the latest south-run. In doing so, an upward sloping trend line from December 29, at 0.2586, should be their ultimate target. However, the 0.3000 round-figure can offer an intermediate halt during the fall.… 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.
