XRP/USD lost its traction after posting gains for two straight days. Above $0.3250, Ripple could target 2020 highs near $0.3460. XRP/USD could stage a technical correction before the next leg up. Following the impressive rally witnessed in the last week of July, Ripple (XRP/USD) staged a deep correction to the Fibonacci 38.2% retracement level and found support there. After posting strong gains and rising nearly 6% in the last two days, however, XRP/USD struggled to preserve its bullish momentum in choppy weekend trading and was last seen flat on the day near $0.30. XRP/USD technical outlook With a weekly close above $0.2940 (Fibonacci 23.6% retracement of the latest rally), the pair could target $0.3250 and $0.3460 (2020 high). However, the daily RSI indicator is already showing overbought conditions, suggesting there could be a pullback before the pair turns north. On the downside, $0.2940 (Fibonacci 23.6% retracement) could be seen as the initial support ahead of $0.2820 (20-day SMA) and $0.2745 (Fibonacci 38.2% retracement.) Additional levels to watch for 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 Gold Price Analysis: XAU/USD snapped 9-week winning streak, closed below $1,950 FX Street 2 years XRP/USD lost its traction after posting gains for two straight days. Above $0.3250, Ripple could target 2020 highs near $0.3460. XRP/USD could stage a technical correction before the next leg up. Following the impressive rally witnessed in the last week of July, Ripple (XRP/USD) staged a deep correction to the Fibonacci 38.2% retracement level and found support there. After posting strong gains and rising nearly 6% in the last two days, however, XRP/USD struggled to preserve its bullish momentum in choppy weekend trading and was last seen flat on the day near $0.30. XRP/USD technical outlook With a weekly close… 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.
