Ripple’s lingering triangle breakout could touch $0.33. Providing support for Ripple is the 50 SMA above $0.29 and the 100 SMA above $0.28. Ripple performance in October has been relatively better compared to other major digital currencies. The world’s third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31. A bearish price action tested $0.28 support over the weekend. However, a shallow recovery continues to knock at $0.30. Amid the consolidation between $0.29 and $0.30, Ripple is lagging a triangle breakout. Trading above the triangle resistance could pull the price to highs above $0.33. On the contrary, if the triangle support caves in, XRP is likely to breakdown towards $0.25. Meanwhile, technical indicators like the Relative Strength Index (RSI) and the Simple Moving Averages (SMAs) show that the current trend is largely in the hands of the bulls. Offering support on the downside is the 50 SMA on the four-hour chart currently at $0.2918. The 100 SMA support at $0.28 will come in handy in case declines extend under $0.29. XRP/USD four-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 EUR/USD drops and tests daily lows near 1.1140 FX Street 3 years Ripple's lingering triangle breakout could touch $0.33. Providing support for Ripple is the 50 SMA above $0.29 and the 100 SMA above $0.28. Ripple performance in October has been relatively better compared to other major digital currencies. The world's third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31. A bearish price action tested $0.28 support over the weekend. However, a shallow recovery continues to knock at $0.30. Amid the consolidation between $0.29 and $0.30, Ripple is lagging a triangle breakout. Trading above the triangle resistance could pull the price to highs above $0.33. On… 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.
