Ripple upward momentum from support at $0.2700 stalls at $0.30. Shrinking volatility suggests that there will limited price action with XRP/USD ranging between $0.28 and $0.30. Spot rate: $0.2921 Relative change: -0.0065 Percentage change: 2.1% Trend: Bullish Volatility: Shrinking XRP/USD daily chart Ripple’s dive from the recent high at $0.3480 embraced support established at $0.2700. A two-months trendline also contributed to the recovery from the dip. However, the bulls couldn’t sustain gains above $0.30. As long as the price stays above the 61.8% Fibo level of the last drop from $0.3480 to a low of $0.1750 support, XRP will continue to hold onto the potential for a recovery towards $0.33. XRP is also looking forward to the formation of a golden cross, likely to send the price significantly above the recent highs. XRP/USD 2-hour chart The rejection at $0.30 forces XRP/USD to test the Bollinger band 2-hour middle curve. Digging deeper towards the lower curve push Ripple below the next support at $0.28. The RSI in the same 2-hour range is almost diving under the average amid the increased selling action. The bulls clearly lack confidence in the recovery, besides the uptrend from the recent support was not supported by the fundamentals. In the near-term, the price is likely to hold between $0.28 and $0.30 as sideways trading takes over. 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/SEK: Core inflation might lead to test 10.60 – Danske Bank FX Street 2 years Ripple upward momentum from support at $0.2700 stalls at $0.30. Shrinking volatility suggests that there will limited price action with XRP/USD ranging between $0.28 and $0.30. Spot rate: $0.2921 Relative change: -0.0065 Percentage change: 2.1% Trend: Bullish Volatility: Shrinking XRP/USD daily chart Ripple’s dive from the recent high at $0.3480 embraced support established at $0.2700. A two-months trendline also contributed to the recovery from the dip. However, the bulls couldn’t sustain gains above $0.30. As long as the price stays above the 61.8% Fibo level of the last drop from $0.3480 to a low of $0.1750 support, XRP will continue… 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.