Ripple’s XRP is vulnerable to new losses as long as it stays under $0.1900. The initial support is created by 23.6% Fibo retracement. Ripple ha settled below $0.1900, which is a bearish signal for the coin in the short run. At the time of writing, XRP/USD is changing hands at $0.1880, mostly unchanged since the beginning of Tuesday, though it has regained some ground on a day-to-day basis. Ripple is now the third-largest digital asset with the current market value of $8.27 billion and an average daily trading volume of $2 billion. XRP/USD: Technical picture On a daily chart, XRP/USD is still moving below the upside-looking trendline (currently at $0.1940). A failure to get back above this barrier will weaken XRP’s chances to get the recovery back on track and put the recovery from March 13 low at risk. Meanwhile, the psychological barrier $0.1900 is reinforced by daily SMA50, which means XRP bulls will have a hard time trying to claw back some ground. A sustainable move above $0.1940-$0.1950 will open up the way to a psychological $0.2000. However, considering the lack of momentum and flat RSI a strong recovery looks unlikely at this stage. On the downside, the critical support comes at $0.1800 (the middle line of the daily Bollinger Band). A decisive move below this area will open up the way to $0.1720-$0.1700 (4-hour SMA200 and 23.6% Fibo retracement for the downside move from February 2020 high) and $0.1600 ( the lower line of the daily Bollinger Band). XRP/USD daily 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 China: Calm before the storm – TDS FX Street 2 years Ripple's XRP is vulnerable to new losses as long as it stays under $0.1900. The initial support is created by 23.6% Fibo retracement. Ripple ha settled below $0.1900, which is a bearish signal for the coin in the short run. At the time of writing, XRP/USD is changing hands at $0.1880, mostly unchanged since the beginning of Tuesday, though it has regained some ground on a day-to-day basis. Ripple is now the third-largest digital asset with the current market value of $8.27 billion and an average daily trading volume of $2 billion. XRP/USD: Technical picture On a daily chart, XRP/USD is still moving below… 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.
