XRP recovery is capped by $0.5000, which is still out of reach. Ripple’s community focuses on long-term perspectives. Ripple, the third largest coin by market value, is sandwiched between 50 and 100-SMA (hourly chart), changing hands at $0.4788 at the time of writing. The price of the coin has barely changed in recent 24 hours as the recovery from Sunday’s low at $0.4402 is losing traction. Ripple’s market value is estimated as $18B, with trading volumes $231B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. XRP has lost over 76% of its value since the beginning of the year, however, the coin is still 200% higher than 12 months ago, which means that long-term investors are making profits. Apart from that. core XRP community is excited by large-scale business projects of Ripple, the company behind the coin. It tends to pay less attention to day-to-day price fluctuations. Ripple technical picture From the technical perspective, XRP/USD stays below $0.50, which is a short-term bearish sign. One the price is above this threshold, the recovery may be extended towards $0.56 (78.6% Fibo). On the downside, a sustainable movement below $0.4500 will lead to a sell-off towards Sunday’s low at $0.4402. XRP/USD, the hourly 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 NZD/USD Technical Analysis: challenges a descending trend-channel support FX Street 3 years XRP recovery is capped by $0.5000, which is still out of reach. Ripple's community focuses on long-term perspectives. Ripple, the third largest coin by market value, is sandwiched between 50 and 100-SMA (hourly chart), changing hands at $0.4788 at the time of writing. The price of the coin has barely changed in recent 24 hours as the recovery from Sunday's low at $0.4402 is losing traction. Ripple's market value is estimated as $18B, with trading volumes $231B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. XRP has lost over 76% of its value since the beginning… Top 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.
