Ripple stalls short of $0.30; a move that left the gap being explored by the sellers. Ripple must defend the position above the 200-day SMA in order to sustain the uptrend. Ripple price keeps falling following the retracement from the recent high formed at $0.2901. It was not the bulls’ intention to stall short of $0.30, however, increased selling activity has made it difficult to sustain an uptrend. XRP is dancing at $0.2783 after the support at $0.28 failed to hold. The support at $0.2650 has already been tested once and given way to a shallow correction. The big question is whether the price will continue to stay above the 200-day SMA. The break above the moving average has been instrumental to the price growth experienced this week. According to other technical indicators such as the MACD, XRP is still in the hands of the bulls. The MACD +0.01171 features a bullish divergence despite the correction on the day. In other words, the potential to advance towards $0.30 is still intact. Similarly, the narrowing gap between the 50-day SMA and the 200-da SMA suggests that Ripple bulls are gaining traction and are likely to stick in the driver’s seat. 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 USD/CAD Forecast February 10-14 – Canada, U.S. Posts Strong Job Numbers Kenny Fisher 2 years Ripple stalls short of $0.30; a move that left the gap being explored by the sellers. Ripple must defend the position above the 200-day SMA in order to sustain the uptrend. Ripple price keeps falling following the retracement from the recent high formed at $0.2901. It was not the bulls’ intention to stall short of $0.30, however, increased selling activity has made it difficult to sustain an uptrend. XRP is dancing at $0.2783 after the support at $0.28 failed to hold. The support at $0.2650 has already been tested once and given way to a shallow correction. The big question… 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.
