Ripple is trading 5% higher as cryptos bounce back. The price is still at very depressed levels and there is much to do before confidence returns. XRP/USD daily chart Ripple has not had the best time over the last month or so. Looking at the chart now the price is doing its best job trying to find a base. The price capitulation stopped at 0.1100 but at the moment, at an intraday level, the price is finding hard to close above 0.1600. The pain resistance stands at the psychological 0.2000 level. On the downside, the 138.2% Fibonacci level has provided the main support. On the chart, at the lows, the volume has really picked up. This can be a good sign the market is backing the move higher from here. Further confirmation is needed like a close above the consolidation high with decent volume. Catching a falling knife is never a good idea so be careful with long positions. 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 WHO’s Kluge urges Europe to take ‘boldest’ actions against coronavirus pandemic FX Street 2 years Ripple is trading 5% higher as cryptos bounce back. The price is still at very depressed levels and there is much to do before confidence returns. XRP/USD daily chart Ripple has not had the best time over the last month or so. Looking at the chart now the price is doing its best job trying to find a base. The price capitulation stopped at 0.1100 but at the moment, at an intraday level, the price is finding hard to close above 0.1600. The pain resistance stands at the psychological 0.2000 level. On the downside, the 138.2% Fibonacci level has provided 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.
