XRP/USD keeps buyers hopeful with a latest bounce off 0.5582. Sustained break of 17-day-old falling trend line also favors the bulls. 50-day SMA adds downside filters below the previous resistance line. XRP/USD picks up the bids near 0.5660 during early Thursday. In doing so, the pair cheers its upside break of a key resistance while attacking the 21-day SMA to extend the rise. Considering the receding strength of the MACD bearish histogram, coupled with a clear break of a falling trend line from November 24, XRP/USD buyers are likely to keep the reins. In doing so, highs marked during the early month, around 0.6290 and 0.6820, will become their targets. However, the 0.7000 psychological magnet and the record high of 0.7842, flashed in November, can challenge further upside. Meanwhile, a pullback from 0.5755, comprising 21-day SMA, will eye the previous resistance line, at 0.5210, before revisiting the 50-day SMA near 0.4300. Overall, the XRP/USD prices have defied consolidation from the record high and are likely heading north for the fresh top. XRP/USD daily chart Trend: Bullish 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: Bumpy road for bulls inside three-month-old rising channel FX Street 2 years XRP/USD keeps buyers hopeful with a latest bounce off 0.5582. Sustained break of 17-day-old falling trend line also favors the bulls. 50-day SMA adds downside filters below the previous resistance line. XRP/USD picks up the bids near 0.5660 during early Thursday. In doing so, the pair cheers its upside break of a key resistance while attacking the 21-day SMA to extend the rise. Considering the receding strength of the MACD bearish histogram, coupled with a clear break of a falling trend line from November 24, XRP/USD buyers are likely to keep the reins. In doing so, highs marked during the… 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.
