XRP/USD yielded to the bearish pressure on the market. A recovery above $0.2000 is needed to improve the technical picture. XRP/USD touched the low at $0.1890 amid widespread sell-off on the cryptocurrency market. The third-largest digital asset is changing hands at $0.1935, down 4% since the beginning of the day. A sustainable move below $0.2000 creates a bearish short-term picture and signals that XRP may continue sliding down with the next major support at $0.1780, which is the lowest level since May 10. On the upside, the critical resistance is created by $0.1980-$0.2000 area, which includes daily SMA50 and the lower boundary of the broken consolidation channel. A recovery above this area will improve the short-term technical picture and allow for an extended upside towards $0.2060 that served as an upper line of Wednesday’s consolidation channel. 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/USD erases recovery gains, drops to 0.6560 area on risk-aversion FX Street 2 years XRP/USD yielded to the bearish pressure on the market. A recovery above $0.2000 is needed to improve the technical picture. XRP/USD touched the low at $0.1890 amid widespread sell-off on the cryptocurrency market. The third-largest digital asset is changing hands at $0.1935, down 4% since the beginning of the day. A sustainable move below $0.2000 creates a bearish short-term picture and signals that XRP may continue sliding down with the next major support at $0.1780, which is the lowest level since May 10. On the upside, the critical resistance is created by $0.1980-$0.2000 area, which includes daily SMA50 and the lower… 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.
