Ripple struggles to hold on to the minor gains made on Thursday. Indicators show XRP leaning to the downside especially after the rejection at $0.2550. Ripple is slightly in the green towards the end of the Asian session on Thursday. The bullish action started around $0.2502 but fizzled out at $0.2533. The third-largest crypto has explored intraday lows around $0.2486. However, XRP is still holding on to the subtle 0.63% gains on the day. XRP/USD is doddering at $0.2525 above the immediate 50 Simple Moving Average (SMA) support on the 1-hour chart currently at $0.25144. The recovery stalled shy off $0.2550 leaving the resistance at the 100 SMA at $0.2564 untested. Meanwhile, a short term ascending trendline is offering support. The support has been vital to the ongoing shallow since. If tested, XRP is expected to make a bounce upwards. The Relative Strength Index (RSI) failed to sustain movement towards 70 and is treading towards the average. The Moving Average Convergence Divergence (MACD) suggests sideways trading is the next course of action for XRP. Therefore, XRP is likely to stay between $0.2500 and $0.2550 in the coming sessions. XRP/USD 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 Oil dips in Asia on waning trade optimism FX Street 3 years Ripple struggles to hold on to the minor gains made on Thursday. Indicators show XRP leaning to the downside especially after the rejection at $0.2550. Ripple is slightly in the green towards the end of the Asian session on Thursday. The bullish action started around $0.2502 but fizzled out at $0.2533. The third-largest crypto has explored intraday lows around $0.2486. However, XRP is still holding on to the subtle 0.63% gains on the day. XRP/USD is doddering at $0.2525 above the immediate 50 Simple Moving Average (SMA) support on the 1-hour chart currently at $0.25144. The recovery stalled shy off… 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.
