XRP/USD is rising modestly following Friday’s correction. Next key resistance for Ripple aligns near $0.2550. 100-day SMA continues to act as a dynamic support. Ripple (XRP/USD) rose above the key Fibonacci resistance (50% retracement of July-August rally) located near $0.2550 on Thursday but closed the day below that level following a late pullback. The pair stayed in consolidation on Friday and edged slightly higher on Saturday. As of writing, Ripple was up 0.5% on the day at $0.2525 Ripple technical outlook If Ripple manages to make a daily close above $0.2550, it could target the Fibonacci 38.2% retracement level at $0.2700. However, the Relative Strength Index (RSI) is moving sideways near 50 on the daily chart, suggesting that the pair is having a difficult time gathering bullish momentum. On the downside, Fibonacci 61.8% retracement seems to have formed an interim support at $0.2400 ahead of the critical 100-day SMA currently located at $0.2360. In the past two weeks, Ripple tested the latter four times and managed to stage a rebound after each attempt. With a daily close below the 100-day SMA, the near-term outlook could turn bearish and the pair could target the 200-day SMA at $0.2150. 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 Bitcoin Price Analysis: BTC/USD renews highest level in more than two weeks near $11,200 FX Street 1 year XRP/USD is rising modestly following Friday's correction. Next key resistance for Ripple aligns near $0.2550. 100-day SMA continues to act as a dynamic support. Ripple (XRP/USD) rose above the key Fibonacci resistance (50% retracement of July-August rally) located near $0.2550 on Thursday but closed the day below that level following a late pullback. The pair stayed in consolidation on Friday and edged slightly higher on Saturday. As of writing, Ripple was up 0.5% on the day at $0.2525 Ripple technical outlook If Ripple manages to make a daily close above $0.2550, it could target the Fibonacci 38.2% retracement level at… Top 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.
