Ripple is trading 1.37% higher on Monday and in line with the broader crypto sentiment. The bulls have used to 55 EMA as support in the past and look to be leaning on it again. XRP/USD 1-hour chart Ripple is trading higher on Monday as most of the crypto majors trade positively apart from Bitcoin. The price had broken out of the consolidation high at 0.20642 but now has dipped back below the region. Looking closer at the chart, the bulls are trying to find support at the 55 exponential moving average (EMA). In addition to this, the blue trendline is also providing some support and it has done so on multiple occasions. The volume in this move to the downside has been somewhat lacklustre and more recently the spikes higher have been accompanied with higher volume. The Relative Strength Index indicator is also just above the 50 mid-line but looks slightly vulnerable. Overall, this is still an uptrend on the hourly timeframe but if the trendline breaks it could indicate a retracement is on the cards. 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 USD/CAD: Loonie to rise against dollar in the medium term – CitiBank FX Street 2 years Ripple is trading 1.37% higher on Monday and in line with the broader crypto sentiment. The bulls have used to 55 EMA as support in the past and look to be leaning on it again. XRP/USD 1-hour chart Ripple is trading higher on Monday as most of the crypto majors trade positively apart from Bitcoin. The price had broken out of the consolidation high at 0.20642 but now has dipped back below the region. Looking closer at the chart, the bulls are trying to find support at the 55 exponential moving average (EMA). In addition to this, the blue trendline… 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.
