Ripple price cancels all the gains accrued in July; back to trading end of June lows. Seller’s dominance is on the rise, but a support above $0.430 will prevent extended declines towards $0.400. Ripple, like the majority of coins and altcoins, is likely to end July in overarching declines. XRP/USD has canceled most of the gains accrued since the beginning of the month. As we usher in the Month of August, Ripple is free falling below $0.440 after rejecting the support highlighted by the 23.6% Fib level with the last swing high from lows of $0.4244 and highs of $0.5204 at $0.4469. Ripple is also trading within the confines of a falling wedge pattern, which could also mean that it is approaching a breakout to the upside. XRP/USD is testing the lows trade at the end of June of $0.4202 on June 29. Consequently, the stochastic indicator on the 4-hour chart is advancing further in the oversold territory and the MACD momentum indicator is moving deeper in the negative region (-0.0048). This means that the sellers’ dominance is rising while a support above $0.430 would be a huge boost for the buyers. In the event of a trend reversal, $0.440 will stand in the way of the pullback. The 23.6% Fib retracement level is the immediate key resistance level, but trading above $0.45 supply one will pave the way for higher corrections towards the coveted $0.50. XRP/USD 4-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 Canada: GDP growth bolstered by breadth – TDS FX Street 5 years Ripple price cancels all the gains accrued in July; back to trading end of June lows. Seller's dominance is on the rise, but a support above $0.430 will prevent extended declines towards $0.400. Ripple, like the majority of coins and altcoins, is likely to end July in overarching declines. XRP/USD has canceled most of the gains accrued since the beginning of the month. As we usher in the Month of August, Ripple is free falling below $0.440 after rejecting the support highlighted by the 23.6% Fib level with the last swing high from lows of $0.4244 and highs of $0.5204… 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.
