Ripple has another tough session falling over 2% breaking support zones. The price could now be heading to the support at 0.1760. XRP/USD daily chart The correction could be over now as Ripple looks like its breaking down once again. The price has made the lower high but is yet to break the previous wave low at 0.1750. If the aforementioned level breaks the bulls could be in all sorts of trouble as even the volume looks like it’s supporting the sell-side. Looking closer at the technical levels, the black resistance zone firmly held strong as the price tried desperately to close above it. Now it seems the level that confluences with the 50% Fibonacci retracement is the nemesis for the bulls. Once the price dropped below the 55 exponential moving average it came back to retest it and use it as a resistance zone for another move lower. The target for the bears might be the red support level at 0.1750 as it has also been used a few times for good effect. Additional levels 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/USD Price Analysis: Pound sinks further in 6-week lows, bearish FX Street 2 years Ripple has another tough session falling over 2% breaking support zones. The price could now be heading to the support at 0.1760. XRP/USD daily chart The correction could be over now as Ripple looks like its breaking down once again. The price has made the lower high but is yet to break the previous wave low at 0.1750. If the aforementioned level breaks the bulls could be in all sorts of trouble as even the volume looks like it's supporting the sell-side. Looking closer at the technical levels, the black resistance zone firmly held strong as the price tried desperately… 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.
