The consolidation from Monday has been instrumental to the ongoing breakout. The MACD bullish divergence shows XRP having a positive tune to the trend. Ripple has been able to hold ground above $0.30 after the declines of last week crippled the bulls. From a high around $0.3276, the sellers smashed through tentative key support levels at $0.32, the 100 Simple Moving Average (SMA) 1-hour, 50 SMA 1-hour as well as $0.3100. The bearish pressure pushed down on the next support at $0.3050 before meeting an avalanche of buying power at $0.30, which eventually stopped the losses. The consolidation from Monday has been instrumental to the ongoing breakout. XRP/USD made a brilliant move in a couple of engulfing candlesticks. Read also: Ripple’s Brad Garlinghouse on Facebook’s Libra – “We don’t need a new fiat currency” After soaring above the moving averages, Ripple is facing resistance at the trendline as well as $0.3200. Trading at $0.3179, technical indicators show XRP having hit oversold levels. The Relative Strength Index (RSI) is settled within the overbought. Traders need to be on the lookout for a retreat below 70, which will signal a reversal. However, the Moving Average Convergence Divergence (MACD) bullish divergence shows XRP having a positive tune to the trend. Therefore, we can expect Ripple to form a higher low pattern before the next breakout. 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 UK PM Johnson to Irish PM Varadkar: Any deal must abolish the backstop FX Street 4 years The consolidation from Monday has been instrumental to the ongoing breakout. The MACD bullish divergence shows XRP having a positive tune to the trend. Ripple has been able to hold ground above $0.30 after the declines of last week crippled the bulls. From a high around $0.3276, the sellers smashed through tentative key support levels at $0.32, the 100 Simple Moving Average (SMA) 1-hour, 50 SMA 1-hour as well as $0.3100. The bearish pressure pushed down on the next support at $0.3050 before meeting an avalanche of buying power at $0.30, which eventually stopped the losses. The consolidation from Monday… 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.
