The widespread bear pressure on the market affected Ripple the most; as the price dipped below $0.3000. Ripple technical levels signal a strengthening bullish reversal. Ripple has been trimming gains from the highs formed in the first week of April. As discussed in the price analysis yesterday, the second largest altcoin has not been able to recover from the losses incurred in the last three weeks. The slide on April 11 had found support at the 38.2% Fib retracement level taken between the last swing high at $0.3800 and a swing low of $0.3018. However, attempts to break above the 50% Fib level resulted in another dip that found support at $0.3136. Ripple spent most of last week pushing for a bullish reversal. A significant move occurred above both the 50 SMA and the 100 SMA. XRP/USD stepped above $0.3400 but the price lost its mojo short of $0.3500. The formation of a Doji candlestick signaled a trend reversal leading to Ripple exploring lower levels. The widespread bear pressure on the market on affected Ripple the most compared to the other major coins. XRP/USD tanked massively from the broken support at $0.3200, below $0.3000 only to find bearing at $0.2932. Meanwhile, a correction is ongoing above $0.3000 reclaimed support. The RSI is showing the increasing bullish momentum strength with the retreat from the oversold. Besides, the moving average gap is narrowing to show that the bulls are gaining traction. 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 BoC press conference – Stephen Poloz speech – live stream – Apr. 24 FX Street 4 years The widespread bear pressure on the market affected Ripple the most; as the price dipped below $0.3000. Ripple technical levels signal a strengthening bullish reversal. Ripple has been trimming gains from the highs formed in the first week of April. As discussed in the price analysis yesterday, the second largest altcoin has not been able to recover from the losses incurred in the last three weeks. The slide on April 11 had found support at the 38.2% Fib retracement level taken between the last swing high at $0.3800 and a swing low of $0.3018. However, attempts to break above 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.