Ripple has recovered to the area above critical $0.2500. XRP/USD needs to regain ground above $0.26 to mitigate the bearish pressure. Ripple’s XRP topped at $0.2586 during early Asian hours and retreated to $0.2525 by the time of writing. The downside correction stopped on approach to critical support area created by the lower boundary of the previous consolidation channel. XRP/USD has gained about 1% on a day-to-day basis and stayed unchanged since the beginning of the day. Let’s have a closer look at the technical picture for XRP/USD. Looking technically, a sustainable move below $0.2500 will be interpreted as a strong bearish signal. This barrier limited the price decline since the beginning of October; once it is out of the way, the sell-off may continue with the first aim at $0.2400 (the recent low touched on November 18). This area will serve as a buffer that separates XRP from a deeper decline. On the upside, we will need to see a sustainable move above $0.2600 as soon as possible to mitigate the bearish pressure and allow for an extended recovery towards the next barrier created by SMA100 (Simple Moving Average) daily at $0.2724. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.2800. This psychological level is reinforced by SMA50 daily. 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 AUD/USD keeps the red but holds above 0.6800 handle FX Street 3 years Ripple has recovered to the area above critical $0.2500. XRP/USD needs to regain ground above $0.26 to mitigate the bearish pressure. Ripple's XRP topped at $0.2586 during early Asian hours and retreated to $0.2525 by the time of writing. The downside correction stopped on approach to critical support area created by the lower boundary of the previous consolidation channel. XRP/USD has gained about 1% on a day-to-day basis and stayed unchanged since the beginning of the day. Let's have a closer look at the technical picture for XRP/USD. Looking technically, a sustainable move below $0.2500 will be interpreted as a… 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.
