Ripple price refreshes the lows under $0.25 but $0.24 comes out a credible support area. The trading within the falling wedge pattern is the silver lining (possible reversal around the corner). November 2019 has not been good for the cryptocurrency market. Some digital assets such as Ripple continue to be depressed under key resistance levels. Major support levels keep getting shuttered. At the same time, the hunt for a formidable bottom catches momentum with the hope that an end-year rally is still achievable. Meanwhile, XRP is dancing with $0.2517, although it opened the day’s trading at $0.2519. XRP managed to jump to $0.2532 and has touched an intraday low around $0.2509. The key support I discussed yesterday at $0.25 failed to hold. The rising selling momentum in the American session on Monday saw XRP/USD test $0.24. Ripple is still trading in the confines of the forming falling wedge pattern. This shows that a reversal is possible but it will not come easy. The RSI is in the oversold region as a signal for a stronger selling grip but also a indicator of a reversal around the corner. On the upside $0.26 is a new resistance ‘zone couple with the hurdles at $0.27, and $0.28. XRP/USD 4-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 Ethereum technical analysis: ETH/USD keeps dropping following a heavily bearish Monday FX Street 3 years Ripple price refreshes the lows under $0.25 but $0.24 comes out a credible support area. The trading within the falling wedge pattern is the silver lining (possible reversal around the corner). November 2019 has not been good for the cryptocurrency market. Some digital assets such as Ripple continue to be depressed under key resistance levels. Major support levels keep getting shuttered. At the same time, the hunt for a formidable bottom catches momentum with the hope that an end-year rally is still achievable. Meanwhile, XRP is dancing with $0.2517, although it opened the day's trading at $0.2519. XRP managed to… 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.
