Search ForexCrunch
  • The $0.30 resistance level was proven to be a tough bone to chew for XRP bulls
  • The 12-EMA and the 26-EMA are both crucial support levels

XRP has been generally weaker than the rest of top coins and has been unable to hit a new 2020-high. The last double top formed on August 17 got a lot of continuation and bears managed to crack $0.30.

XRP/USD daily chart

XRPUSD

Bears have confirmed a downtrend after breaking both EMAs, however, bulls are currently trying to climb back above both of them. The next most important resistance level is $0.292 followed by the crucial $0.30 resistance level. 

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.