Ripple’s coin attempted a recovery above the upper line of the current range. The intraday RSI implies that further upside may be limited. Ripple’s XRP struggles to settle above $0.2400 amid global recovery on the cryptocurrency market. The third-largest digital asset has gained nearly 3% in recent 24 hours and touched the intraday high at $0.2429 before retreating to $0.2400. XRP/USD: Technical picture On the intraday charts, XRP/USD is hovering around the pivotal barrier of $0.2400, which is regarded as a key for the short-term direction of the coin. If the price manages to settle above this level by the end of the day, the upside momentum is likely to gain traction with the next focus on $0.2500 (SMA200 daily) and $0.2550 (SMA100 4-hour). A sustainable move above this area will result in an extended recovery towards $0.2700 (SMA200 4-hour) and $0.2800 (the broken neckline of a head-and-shoulder pattern. However, considering the downside-looking RSI on 4-hour chart, the retreat back inside the previous range looks likely at this stage. If price slips below $0.2400, the coin may continue its range-bound pattern. 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 USD/CAD Price Analysis: Bulls now await a move beyond weekly tops, around 1.3440 region FX Street 3 years Ripple's coin attempted a recovery above the upper line of the current range. The intraday RSI implies that further upside may be limited. Ripple's XRP struggles to settle above $0.2400 amid global recovery on the cryptocurrency market. The third-largest digital asset has gained nearly 3% in recent 24 hours and touched the intraday high at $0.2429 before retreating to $0.2400. XRP/USD: Technical picture On the intraday charts, XRP/USD is hovering around the pivotal barrier of $0.2400, which is regarded as a key for the short-term direction of the coin. If the price manages to settle above this level by the… 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.
