XRP/USD stays heavy after two-day downside. 50-day EMA, 12-day-old support line restricts immediate downside. 61.8% Fibonacci retracement adds to the support, bulls need a clear break beyond three-week-long resistance line. XRP/USD flirts with the lowest since November 26, flashed the previous day, while trading near 0.4700 during early Wednesday. The crypto major refreshed the multi-day low the previous day while extending the downside break of 50% Fibonacci retracement of November’s north-run. Although receding RSI condition suggests further weakness, a confluence of 50-day EMA and a falling trend line from November 29, around 0.4550/40, will challenge the XRP/USD sellers. Additionally, 61.8% Fibonacci retracement level of 0.4407 and November 22 low of 0.4035 extra downside filters. Alternatively, 21-day EMA near 0.5300 will lure the short-term XRP/USD buyers. However, any further upside needs a clear break above the resistance line stretched from November 24, at 0.5410 now. In a case where the XRP/USD bulls dominate past-0.5410, the 0.6000 threshold can offer an intermediate halt ahead of the monthly peak surrounding 0.6820. XRP/USD daily chart Trend: Bearish 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/JPY bears taking control in Tokyo open, TP filled in increased volatility FX Street 2 years XRP/USD stays heavy after two-day downside. 50-day EMA, 12-day-old support line restricts immediate downside. 61.8% Fibonacci retracement adds to the support, bulls need a clear break beyond three-week-long resistance line. XRP/USD flirts with the lowest since November 26, flashed the previous day, while trading near 0.4700 during early Wednesday. The crypto major refreshed the multi-day low the previous day while extending the downside break of 50% Fibonacci retracement of November’s north-run. Although receding RSI condition suggests further weakness, a confluence of 50-day EMA and a falling trend line from November 29, around 0.4550/40, will challenge the XRP/USD sellers. Additionally, 61.8%… 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.
