Ripple continues to move sideways near $0.30 for second straight day. XRP/USD remains on track to post highest weekly close in nearly a year. After rising to its highest level since February at $0.3262 earlier in the month, Ripple (XRP/USD) staged a correction and seems to have found support near $0.27. Following that drop, Ripple has gone into a consolidation phase and continues to have a tough time making a decisive move in either direction. On Saturday, XRP/USD closed the var virtually unchanged near $0.30 and continue to trade near that level on Sunday. Ripple technical outlook If Ripple manages to stay above $0.2940 (Fibonacci 23.6% retracement of the latest rally) at the end of the week, it could try to stretch higher toward $0.3185 (February 16 high) and $0.3460 (2020 high). On the downside, supports are located at $0.2940, $0.2820 (20-day SMA) and $0.2745 (Fibonacci 38.2% retracement). Meanwhile, the daily RSI is now slightly below 70 but the downslope is relatively soft, suggesting that XRP/USD hasn’t yet made a convincing correction after becoming technically overbought. Ripple chart (daily) 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 GBP/USD Forecast Aug. 17-21 – Will UK inflation, retail sales move sleepy pound? Kenny Fisher 2 years Ripple continues to move sideways near $0.30 for second straight day. XRP/USD remains on track to post highest weekly close in nearly a year. After rising to its highest level since February at $0.3262 earlier in the month, Ripple (XRP/USD) staged a correction and seems to have found support near $0.27. Following that drop, Ripple has gone into a consolidation phase and continues to have a tough time making a decisive move in either direction. On Saturday, XRP/USD closed the var virtually unchanged near $0.30 and continue to trade near that level on Sunday. Ripple technical outlook If Ripple manages… 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.
