XRP/USD extends pullback from 0.5280 inside a bearish chart pattern. 200-bar SMA, channel support to test the sellers, 100-bar SMA acts as extra upside barrier. XRP/USD drops to 0.5092 during the early trading hours of Monday. In doing so, the quote keeps Friday’s downbeat mood inside a descending trend channel formation established since November 29. With the RSI conditions far from oversold, XRP/USD sellers can keep the reins inside the bearish formation. However, 200-bar SMA and the stated channel’s support, respectively around 0.4830 and 0.4640, will challenge further downside. In a case where the XRP/USD bears keep dominating past-0.4640, November 26 low around 0.4580 will be the key to watch. Meanwhile, an upside clearance of the latest top near 0.5280 can recall short-term buyers targeting the channel resistance of 0.5700. Though, any upside break will have to cross the 100-bar SMA level of 0.5865 to convince the XRP/USD bulls. Overall, the crypto pair is likely to witness further downside but the key supports can offer intermediate bounces to the quote. XRP/USD four-hour 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 GBP/AUD Price Analysis: Opening bid rallies into key resistance FX Street 2 years XRP/USD extends pullback from 0.5280 inside a bearish chart pattern. 200-bar SMA, channel support to test the sellers, 100-bar SMA acts as extra upside barrier. XRP/USD drops to 0.5092 during the early trading hours of Monday. In doing so, the quote keeps Friday’s downbeat mood inside a descending trend channel formation established since November 29. With the RSI conditions far from oversold, XRP/USD sellers can keep the reins inside the bearish formation. However, 200-bar SMA and the stated channel’s support, respectively around 0.4830 and 0.4640, will challenge further downside. In a case where the XRP/USD bears keep dominating past-0.4640, November… 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.
