Ripple stays above the main trendline support despite the losses towards $0.28. The narrowing SMA gap spells doom for the Ripple in the coming sessions. Ripple bulls are pushing for recovery after a brief dive towards the $0.28 support area. On the upside, movement above $0.30 has proved to be unsustainable. The sellers are largely in control especially with the 50 Simple Moving Average (SMA) on the one-hour chart inching closer to the 100 SMA. The Relative Strength Index (RSI) is gradually trending upwards after brushing shoulders with 30 earlier today. As long as the RSI advances towards the overbought, Ripple bulls will push to regain control. Besides, the prevailing trend is generally bullish amid expanding volatility. Glancing higher, Ripple must push for action above $0.30 in order to revive hope of trading above $0.32 supply zone over the next few days. The cryptocurrency market is known to be quite volatile on Monday. The effect of the volatility coupled with the improving technical picture could pave the way for gains above $0.32. XRP/USD one-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 Long NZD/CAD Attractive Ahead Of Canadian Election – TD Yohay Elam 3 years Ripple stays above the main trendline support despite the losses towards $0.28. The narrowing SMA gap spells doom for the Ripple in the coming sessions. Ripple bulls are pushing for recovery after a brief dive towards the $0.28 support area. On the upside, movement above $0.30 has proved to be unsustainable. The sellers are largely in control especially with the 50 Simple Moving Average (SMA) on the one-hour chart inching closer to the 100 SMA. The Relative Strength Index (RSI) is gradually trending upwards after brushing shoulders with 30 earlier today. As long as the RSI advances towards the overbought,… 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.
