Ripple joins the rest of the crypto market to push for a reversal from the losses accrued since Monday. The support at $0.24 came out strongly but trading above $0.26 and $0.28 is key for gains above $0.30. The last couple of days have been tough on many cryptocurrencies including XRP. Ripple remained depressed following the slide on Friday. The weekend session was characterized by low trading activity leading to consolidation between $0.26 and $0.27. Ripple, however, resumed the downtrend on Monday whereby it explored the levels below $0.25 support. Lower levels at $0.24 were tested before a shallow reversal was allowed above $0.26. Meanwhile, the buyers are awake and pushing for gains above the trendline resistance (descending). The other hurdles that must come down in order to pave the way for gains heading to $0.30 are $0.26, the 50 SMA on the 4-hour chart, the 100 SMA currently at $0.2766 and $0.28. The MACD and the RSI are sending positive signals which further cements the position the buyers in the market. Trading above $0.26 and $0.28 will most likely be followed by significant movement north. XRP/USD 4-hour chart 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 Japan’s export plunge an illusion – ING FX Street 3 years Ripple joins the rest of the crypto market to push for a reversal from the losses accrued since Monday. The support at $0.24 came out strongly but trading above $0.26 and $0.28 is key for gains above $0.30. The last couple of days have been tough on many cryptocurrencies including XRP. Ripple remained depressed following the slide on Friday. The weekend session was characterized by low trading activity leading to consolidation between $0.26 and $0.27. Ripple, however, resumed the downtrend on Monday whereby it explored the levels below $0.25 support. Lower levels at $0.24 were tested before a shallow reversal… 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.
