XRP/USD has returned to the area above the short-term trendline. The next pivotal resistance is created by $0.2100. Ripple’s XRP recovered from the intraday low of $0.2008 to trade at $0.2050 by the time of writing. Despite the upside momentum, the coin is still 1.3% lower from this time on Monday and mostly unchanged since the beginning of the day. Its current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. The coin has been trading within a short-term bearish bias amid low volatility. XRP/USD: Technical picture On the intraday chart, XRP/USD moved to the area above the upside trendline, which is a positive development in the short run. Now this line serves as initial support at $0.240. Once it is broken, the sell-off is likely to gain traction with the next focus on $0.2030 reinforced by 1-hour SMA50 and the middle line of the 1-hour Bollinger Band. This barrier is followed by the psychological $0.2000 with 1-hour SMA100 and the lower line of the 1-hour Bollinger Band located on approach. XRP/USD 1-hour chart On the upside, a sustainable move above Monday’s high of $0.2080 is needed for the upside to gain traction. The next strong barrier is created by the pivotal $0.2100 with daily SMA100 and the middle line of the daily Bollinger Band. If it is cleared, the next resistance $0.2200 will come into focus. It is reinforced by daily SMA200. XRP/USD has been trading below this MA since the end of February, which means that the bulls may have a hard time moving higher. 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 USD/CHF retreats to 0.9700 area as DXY drops to fresh weekly lows FX Street 2 years XRP/USD has returned to the area above the short-term trendline. The next pivotal resistance is created by $0.2100. Ripple’s XRP recovered from the intraday low of $0.2008 to trade at $0.2050 by the time of writing. Despite the upside momentum, the coin is still 1.3% lower from this time on Monday and mostly unchanged since the beginning of the day. Its current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. The coin has been trading within a short-term bearish bias amid low volatility. XRP/USD: Technical picture On the intraday chart, XRP/USD moved to 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.
