Ripple price bulls nurse wounds closer to the key support at $0.20. XRP/USD recovery stalls under $0.21 despite the slightly bullish Asian session on Monday. Ripple price succumbed to a two-month low as bears crisscrossed the cryptocurrency market over the weekend leaving nothing but havoc in their wake. The minor recovery XRP/USD had recorded towards the end of last week counted for nothing as the price dropped like deadweight trading close to $0.20 for the first time since the beginning of January. From 2020 high achieved at $0.3468, Ripple has shed off more than 41.73% of its value. The losing streak is likely to continue unless the buyers quickly change the course of action. XRP/USD is trading at $0.2051 at the time of writing. The Asian session on Monday has recorded a subtle 0.36% growth on the day. The third-largest cryptocurrency is trading at $0.2055. Bulls intend to defend the support at $0.20 like their lives to depend on it. This is to ensure that any possibility of eyeing a return to December lows of $0.1750 is averted early. Technically, sideways trading action appears to be the next viable direction. The RSI ranges at 34 after avoiding the oversold region in spite of the acute losses. This means that bullish pressure is not entirely ousted and that the buyers still have some power to defend the critical support area. The bullish pressure is emphasized by the ability of the 50-day SMA to hold above the longer-term 200-day SMA. However, the only way to guarantee recovery is to push XRP/USD above $0.22. 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 Gold fails to keep it above $1,700 as bulls catch a breath FX Street 3 years Ripple price bulls nurse wounds closer to the key support at $0.20. XRP/USD recovery stalls under $0.21 despite the slightly bullish Asian session on Monday. Ripple price succumbed to a two-month low as bears crisscrossed the cryptocurrency market over the weekend leaving nothing but havoc in their wake. The minor recovery XRP/USD had recorded towards the end of last week counted for nothing as the price dropped like deadweight trading close to $0.20 for the first time since the beginning of January. From 2020 high achieved at $0.3468, Ripple has shed off more than 41.73% of its value. The losing… 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.