XRP/USD is down 6% on a daily basis, off the recent lows. Ripple needs to regain $0.3200 to mitigate bearish pressure. XRP is dancing around $0.30 handle While the third largest cryptocurrency managed to recover from the recent low of $0.2932, it is still down nearly 6% since this time on Wednesday. Ripple’s current market value is registered at $12.6B. XRP’s technical picture XRP/USD broke below all critical technical levels. At this stage, the coin needs to recover above $0.3051 (Wednesday’s recovery high), to mitigate the immediate bearish pressure and proceed to $0.3100 and $0.3136 (SMA50, 1-hour). Once this barrier is cleared, the recovery may be extended towards 0.3200 with SMA100 (1-hour) on approach with $61.8 Fibo retracement level located at $0.3230. The intraday Relative Strength Index (RSI) has entered from an oversold area. The indicator points upwards, which might point out to further recovery. On the downside, a sustainable move under $0.2932 (Wednesday’s low) will attract more sellers to the market. Speculators will rush to adjust their positioning, which will lead to an extended decline towards $0.2869, which is the lowest level since March 26. XRP/USD, 1-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 AUD deflated on rate cut talk – Westpac FX Street 4 years XRP/USD is down 6% on a daily basis, off the recent lows. Ripple needs to regain $0.3200 to mitigate bearish pressure. XRP is dancing around $0.30 handle While the third largest cryptocurrency managed to recover from the recent low of $0.2932, it is still down nearly 6% since this time on Wednesday. Ripple's current market value is registered at $12.6B. XRP's technical picture XRP/USD broke below all critical technical levels. At this stage, the coin needs to recover above $0.3051 (Wednesday's recovery high), to mitigate the immediate bearish pressure and proceed to $0.3100 and $0.3136 (SMA50, 1-hour). Once this barrier… 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.
