Ripple once again fails to break $0.30 resistance, in turn, putting pressure on $0.29 and $0.28 support areas. The price is trading at $0.2925 with the immediate downside protected by the 50 SMA. Ripple price has over the past few days displayed resilience in spite of the generally bearish conditions experienced across the board. Correction from highs around $0.3047 on Friday last week found refuge above $0.28. A weekend’s shallow recovery zoomed towards $0.30 but XRP’s momentum hit a dead end at $0.2975. At the time of writing, Ripple is trading above a short-term ascending trendline. The immediate downside is supported by the 50 Simple Moving Average (SMA) on the one-hour chart. At the same time, the longer-term 100 SMA is hindering movement to the north. The Relative Strength Index (RSI) is struggling to hold above the average (50). A movement towards 30 (oversold levels) could see XRP slash the gains made to test $0.29 support. Besides, the Elliot Wave Oscillator shows four consecutive bearish sessions. Ripple bulls must be careful not to let their gut down and give in to selling pressure because the battered sellers want to send XRP back to $0.22 (major support). XRP/USD one-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 EUR/USD registers longest weekly winning streak since July 2018 FX Street 3 years Ripple once again fails to break $0.30 resistance, in turn, putting pressure on $0.29 and $0.28 support areas. The price is trading at $0.2925 with the immediate downside protected by the 50 SMA. Ripple price has over the past few days displayed resilience in spite of the generally bearish conditions experienced across the board. Correction from highs around $0.3047 on Friday last week found refuge above $0.28. A weekend's shallow recovery zoomed towards $0.30 but XRP's momentum hit a dead end at $0.2975. At the time of writing, Ripple is trading above a short-term ascending trendline. The immediate downside 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.
