XRP is capped by $0.5600 on the upside, no signs of upcoming breakthrough. The key support is seen at $0.5020. Ripple, the third largest coin by market value, is changing hands at $0.5360, off Wednesday’s low at $0.5229, but still way below critical $0.5600. The coin is 1.3% higher than this time yesterday but mostly unchanged on the day. Ripple’s market value is estimated as $21.1B, with trading volumes $218B, down from Wednesday’s $270B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. Ripple technical picture From the technical perspective, XRP/USD is rangebound with $0.5600 (which is 78.6% Fibo retracement level) creating a strong resistance, while the recent low at $0.5020 serves as a floor. A clear breakthrough in either direction will trigger a strong movement with the next strong obstacle located at $0.6470 (61.8% Fibo) followed by $0.6550, which is created by 50-DMA. On the downside, the ultimate bearish target at $0.4500, this is the lowest level of 2018, reached in April. XRP/USD, the 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 GBP/USD tests 1.3100 ahead of BoE event FX Street 3 years XRP is capped by $0.5600 on the upside, no signs of upcoming breakthrough. The key support is seen at $0.5020. Ripple, the third largest coin by market value, is changing hands at $0.5360, off Wednesday's low at $0.5229, but still way below critical $0.5600. The coin is 1.3% higher than this time yesterday but mostly unchanged on the day. Ripple's market value is estimated as $21.1B, with trading volumes $218B, down from Wednesday's $270B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. Ripple technical picture From the technical perspective, XRP/USD is rangebound with $0.5600 (which is… Top 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.
