XRP under pressure amid global cryptocurrency sell-off. The key resistance $0.5600 is still out of reach. Ripple, the third largest coin by market value, is changing hands at $0.5283, off Tuesday’s high at $0.5540. The coin is 3.6% lower since the beginning of the day and down 1.37% on daily basis. Ripple’s market value is estimated as $20.7B, with trading volumes $292B, up from Monday’s $177M. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. Ripple’s momentum is in sync with general cryptocurrency market sentiments, influenced by dire Bithumb news. The coin is down over 73% since the beginning of 2018, but its year-on-year gains are still solid – over 280%. XRP is vulnerable to further losses due to lawsuits that accuse the company behind the coin of illegal securities sales. Ripple technical picture XRP/USD is moving within a clear bearish channel with $0.5600 (which is 78.6% Fibo retracement level) creating a critical resistance. The coin needs to settle above this level to get a chance for an extended recovery, however, it is still out of reach. The local resistance is created by 200-SMA (hourly chart) at $0.5426. On the downside, a sustainable movement below $0.5100, will open the way to the recent low at $0.5020. XRP/USD, the hourly 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 Technical Analysis: flag resistance hinders a modest recovery attempt FX Street 3 years XRP under pressure amid global cryptocurrency sell-off. The key resistance $0.5600 is still out of reach. Ripple, the third largest coin by market value, is changing hands at $0.5283, off Tuesday's high at $0.5540. The coin is 3.6% lower since the beginning of the day and down 1.37% on daily basis. Ripple's market value is estimated as $20.7B, with trading volumes $292B, up from Monday's $177M. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. Ripple's momentum is in sync with general cryptocurrency market sentiments, influenced by dire Bithumb news. The coin is down over 73% since… 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.
