Ripple trades around half a percent higher on Tuesday but there is some resistance at the 0.20 area. There is a nice channel forming on the intraday charts and the price looks like its turning lower. XRP/USD 4-hour chart Ripple has been moving in a bullish channel for a while now and it seems like 0.20 was just a step too far. Analysing the 4-hour chart you can see the moving averages have crossed over in a bullish fashion. There has also been some good volume on the uptrend and the RSI indicator moved into bullish territory. If this is where the price starts to turn lower then the red support zone of 0.1835 could be important. Away from this, the black line which is the bottom of the channel could act like support. If that level breaks then the green line just above 0.16 is the next support zone. The market is in a competitive movement of higher highs and higher lows. But for the trend to continue 0.20 needs to be broken. 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 steady holds on to gains around 1.2340 FX Street 2 years Ripple trades around half a percent higher on Tuesday but there is some resistance at the 0.20 area. There is a nice channel forming on the intraday charts and the price looks like its turning lower. XRP/USD 4-hour chart Ripple has been moving in a bullish channel for a while now and it seems like 0.20 was just a step too far. Analysing the 4-hour chart you can see the moving averages have crossed over in a bullish fashion. There has also been some good volume on the uptrend and the RSI indicator moved into bullish territory. If this is… 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.
