Ripple declines find a stable ground at $0.51; the only way is up, for now. XRP/USD is bullish above the key support but range-bound below the bearish trendline. Ripple has tried to control the decline after breaking below $0.55 (yesterday’s support). There nice but brief recovery from the slide on Monday which took a pit stop at $0.54. Ripple reached higher above $0.55 and even traded above $0.58. The momentum started to lose strength on failure to break the resistance at $0.59. The bulls fought for consolidation above $0.55 on Tuesday but the selling pressure, partially driven by the widespread bear pressure in the market extended the declines. The short-term support at $0.55 could not hold and neither did the previous support at $0.54. Ripple price downward move slowed down above $0.51 while testing $0.50. XRP/USD is currently settling in a range. However, the trend status is bullish as observed by the RSI reaching upwards towards the 50% mark. Immediately to the upside, the bearish trendline is offering resistance. A break beyond this line is expected to open the door for more gains. Both the 50SMA and the 100SMA (15’chart) will limit gains at $0.5239 and $0.54 (broken support). The entire cryptocurrency market is making lower corrections in the first week of October. At the time of writing the market capitalization has declined by $5 billion from $219 billion on Tuesday 2 to $214 on Wednesday 3. XRP/USD 15′ 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 WTO: Falling trade costs to add 1.8-2.0 p.p to annual global trade growth until 2030 FX Street 4 years Ripple declines find a stable ground at $0.51; the only way is up, for now. XRP/USD is bullish above the key support but range-bound below the bearish trendline. Ripple has tried to control the decline after breaking below $0.55 (yesterday's support). There nice but brief recovery from the slide on Monday which took a pit stop at $0.54. Ripple reached higher above $0.55 and even traded above $0.58. The momentum started to lose strength on failure to break the resistance at $0.59. The bulls fought for consolidation above $0.55 on Tuesday but the selling pressure, partially driven by the widespread… 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.
