Ripple seeks support after rejection from the new July high around $0.2250. Consolidation is likely to carry the day as per the sidelong moving MACD. Ripple made a comeback above $0.20 last week. However, the price action stalled before hitting the previous July high around $0.21. The weekend session built on the progress made along the week, pushing XRP to $0.2250. The gains were not unique to XRP/USD as other major cryptos like Bitcoin and Ethereum broke out massively as well. While Ethereum and Bitcoin continued rallying Monday, Ripple dealt with an increase in selling activity during both the Asian and the European sessions. At the time of writing, the price is teetering at $0.2177 amid building bearish momentum. The declines are likely to continue in the near term as observed with the RSI as it retreats from levels close to the overbought. Possibly, a sideways trading action will take point according to the MACD. This indicator is holding the ground above the mean line. Glancing upwards, the formation of a short term triangle pattern hints towards a potential breakout that could retest the new July high at $0.2250. On the downside, support is anticipated at $0.2150 (triangle support), $0.2157 (50 SMA) and the 100 SMA (around $0.21). 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 German IFO Business Climate Index beats estimates with 90.5 in July, EUR/USD uninspired battles 1.1700 FX Street 3 years Ripple seeks support after rejection from the new July high around $0.2250. Consolidation is likely to carry the day as per the sidelong moving MACD. Ripple made a comeback above $0.20 last week. However, the price action stalled before hitting the previous July high around $0.21. The weekend session built on the progress made along the week, pushing XRP to $0.2250. The gains were not unique to XRP/USD as other major cryptos like Bitcoin and Ethereum broke out massively as well. While Ethereum and Bitcoin continued rallying Monday, Ripple dealt with an increase in selling activity during both the Asian… 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.
