Both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively. The current consolidation is likely to culminate in further declines. XRP/USD daily chart shows a cryptocurrency that is struggling to escape the long-term bear pressure. The price is battling with the resistance from the six-months-long falling wedge pattern. Besides, both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively. The technical levels for this pair are getting bearish with each coming day. Take the RSI, for instance, is on a downward trend at 41.37. Moreover, the indicator has not been able to pass the 65 mark since January 2019. The MACD, on the same chart, has been flirting with the mean line (0.0) unable to make any significant movements into the positive territory. In addition to that, the 50 SMA is under the longer term 100 SMA to show that the bears are still in control. The current consolidation is likely to culminate in further declines according to the trend shown by the Bollinger Band daily. However, if the bull can manage to push the price above the falling wedge pattern resistance, we could see a reversal towards $0.5. Meanwhile, initial support is $0.30 while the next support target is $0.28. XRP/USD daily 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 Wall Street opens in red pressured by falling tech and energy shares FX Street 4 years Both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively. The current consolidation is likely to culminate in further declines. XRP/USD daily chart shows a cryptocurrency that is struggling to escape the long-term bear pressure. The price is battling with the resistance from the six-months-long falling wedge pattern. Besides, both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively. The technical levels for this pair are getting bearish with each coming day. Take the RSI, for instance, is on a downward trend at 41.37. Moreover, 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.
