XRP/USD failed to hold the ground and retreated below $0.2900. The coin looks strong as long as it stays above SMA100 daily. Ripple’s XRP peaked at $0.2995. The bulls stopped within a whisker of critical $0.30 and lost the initiative amid changing sentiments on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2880, down over 2% on a day-on-day basis and unchanged since the beginning of the day. XRP/USD, the long-term technical picture Looking technically, XRP/USD is still trading above SMA100 (Simple Moving Average) on a daily chart (currently at $0.2845), which is considered as a positive signal. If it is broken, the sell-off may be extended towards $0.2700 strengthened by the recently broken upper boundary of the wedge along with the upside-looking trendline from the recent low of $0.2280. This area is likely to stop the downside correction and trigger a new bullish wave that will take the price back towards $0.30. On the upside, a sustainable one above $0.2900 will bring the recovery back on track and open up the way towards the upper line of a Bollinger Band on a daily chart ($0.2980) closely followed by psychological $0.3000. 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 USD/JPY eases from 2-month tops, downside seems limited FX Street 4 years XRP/USD failed to hold the ground and retreated below $0.2900. The coin looks strong as long as it stays above SMA100 daily. Ripple's XRP peaked at $0.2995. The bulls stopped within a whisker of critical $0.30 and lost the initiative amid changing sentiments on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2880, down over 2% on a day-on-day basis and unchanged since the beginning of the day. XRP/USD, the long-term technical picture Looking technically, XRP/USD is still trading above SMA100 (Simple Moving Average) on a daily chart (currently at $0.2845), which is considered as… 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.
