Ripple bulls fail to defend the 23.6% support, in turn, opening the Pandora box. All eyes are on $0.20 in the event $0.2150 tentative support is shuttered. Ripple price was not spared from the cyclone-like bearish wave that swept across the market last week. The bearish price action stayed intact during the weekend session with a target set at $0.20. The push by the bulls to sustained XRP above the 23.6% Fib retracement level taken between the last swing high of $0.2674 to a swing low of $0.2184 at $0.23 did not yield. Instead, the depression continued below the next tentative support at $0.2250 as well as $0.2200. Unfortunately, the downward momentum is at its peak and XRP still has eyes on $0.20. According to the current technical picture, XRP will continue to explore the downside. For instance, the MACD’s bearish cross emphasizes the rising bearish pressure. The RSI is back under 30 (oversold region). Recovery will not come easy for XRP and from a technical perspective, XRP is yet to find credible support and a buy zone where buyers are will take a risk and bet on a significant reversal. XRP/USD 1-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 USD/CNH: Offshore Yuan resilient to reports predicting ZIRP in China FX Street 3 years Ripple bulls fail to defend the 23.6% support, in turn, opening the Pandora box. All eyes are on $0.20 in the event $0.2150 tentative support is shuttered. Ripple price was not spared from the cyclone-like bearish wave that swept across the market last week. The bearish price action stayed intact during the weekend session with a target set at $0.20. The push by the bulls to sustained XRP above the 23.6% Fib retracement level taken between the last swing high of $0.2674 to a swing low of $0.2184 at $0.23 did not yield. Instead, the depression continued below the next… 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.
