Ripple price jumps more than 2% on Friday ignoring the bears. It is vital that XRP/USD finds a support above $0.440 in order to allow higher corrections beyond $0.450. Ripple is correcting higher, although the momentum has slowed down at the time of writing. The charts are indicating a 2.19% jump in value on the day. Besides, it bounced from trading lows of $0.4257 during the Asian trading hours on Friday. There was a spike in an engulfing candle but the resistance at the 23.6% Fib level with the last drop from $0.464 to a low of $0.425 prevented further movement above $0.4350. XRP/USD reacted lower but the downside was protected at $0.430. The buyers were not done yet, they staged another upside breakout that made it above $0.4450 before running into the trendline resistance at $0.4463. XRP/USD is currently consolidating a bullish flag pattern pending another upside breakout. The 50% Fib level is currently limiting gains on the upside slightly above $0.440 while the 50 simple moving average is positioned to offer support at $0.4370. There is a stronger support at $0.4350 but there are a couple of more demand zones at $0.4292 and $0.4257. XRP/USD is to break the resistance at $0.440 and sustain recoil above the trendline resistance for it to re-attack $0.450 in the short-term. Ripple is the third largest crypto with a market capitalization of $17.2 billion. It’s trading volume short up to $323 million on August explaining the selloff. The trading volume has, however, and is currently at $251 million. Ripple price analysis 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/JPY Technical Analysis: Falling to daily lows en route to 111.00 level FX Street 5 years Ripple price jumps more than 2% on Friday ignoring the bears. It is vital that XRP/USD finds a support above $0.440 in order to allow higher corrections beyond $0.450. Ripple is correcting higher, although the momentum has slowed down at the time of writing. The charts are indicating a 2.19% jump in value on the day. Besides, it bounced from trading lows of $0.4257 during the Asian trading hours on Friday. There was a spike in an engulfing candle but the resistance at the 23.6% Fib level with the last drop from $0.464 to a low of $0.425 prevented further… 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.
