The XRP/USD chart also managed to break below the support provided by the upward trending line. The MACD indicator shows increasing bearish market momentum. XRP/USD is on course of charting four straight bearish sessions. This Wednesday, XRP/USD had its most bearish day in a month as it fell from $0.291 to $0.274. Ripple has since fallen further to $0.27. The hourly breakdown shows us that the price was trending horizontally around $0.29 before the bears rallied together and took control. Within seven hours, Ripple dropped steadily from $0.29 to $0.265 before the bulls managed to correct it around $0.27. XRP/USD daily chart XRP/USD was trending horizontally before it broke below the support provided by the upward trending line and the green Ichimoku cloud. The two latest sessions also took the price below the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The Bollinger Band width is around 0.19, which indicates normal market volatility, while the Elliott Oscillator has had three bearish sessions in a row. The Moving Average Convergence/Divergence (MACD) indicator shows increasing bearish momentum. 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/INR technical analysis: Another bounce off 100-day EMA favors bulls FX Street 3 years The XRP/USD chart also managed to break below the support provided by the upward trending line. The MACD indicator shows increasing bearish market momentum. XRP/USD is on course of charting four straight bearish sessions. This Wednesday, XRP/USD had its most bearish day in a month as it fell from $0.291 to $0.274. Ripple has since fallen further to $0.27. The hourly breakdown shows us that the price was trending horizontally around $0.29 before the bears rallied together and took control. Within seven hours, Ripple dropped steadily from $0.29 to $0.265 before the bulls managed to correct it around $0.27. XRP/USD… 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.
