XRP/USD tried to clear $0.3175 but failed, leaving a gap now being explored by the bears. Ripple’s mundane sideways trading could last longer in the coming sessions. Ripple price hovers above $0.310 following a brief but impressive recovery from the lows yesterday at $0.3119. Correction above the 100 Simple Moving Average (SMA) 1-hour chart fueled the price above $0.3150 short-term resistance. XRP/USD tried to clear $0.3175 but failed; leaving a gap for the bears to make an entrance. Looking at the hourly chart, a short-term support is provided by the 100 SMA 1-hour. Trading at $0.3160, Ripple’s upside is capped by the short-term 50 SMA 1-hour. With only one kick above $0.3175, Ripple could ravage through the triangle resistance and relaunch XRP above $0.32 and beyond. In a technical perspective, Ripple’s mundane sideways trading could last longer in the coming sessions. The Moving Average Convergence Divergence (MACD) currently hugs the mean line (0.0000). Continued leveling will emphasize the sideways trend as shown by the Relative Strength Index (RSI). XRP/USD 1-hour chart In other news, Ripple has unlocked XRP coins worth $314 million from its escrow accounts. This is not new as it is done monthly to ensure that XRP coins are sold to institutional buyers and other crypto exchanges. In the Q2 of 2019 Ripple sold $251.51 million worth of XRP. However, the firm announced that it will be taking a conservative approach towards the monthly offload of XRP tokens. 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 US: Trade War extended – TD Securities FX Street 4 years XRP/USD tried to clear $0.3175 but failed, leaving a gap now being explored by the bears. Ripple's mundane sideways trading could last longer in the coming sessions. Ripple price hovers above $0.310 following a brief but impressive recovery from the lows yesterday at $0.3119. Correction above the 100 Simple Moving Average (SMA) 1-hour chart fueled the price above $0.3150 short-term resistance. XRP/USD tried to clear $0.3175 but failed; leaving a gap for the bears to make an entrance. Looking at the hourly chart, a short-term support is provided by the 100 SMA 1-hour. Trading at $0.3160, Ripple's upside is capped… 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.
