Ripple (XRP/USD) posts modest daily losses on Sunday. Key Fibo resistance at $0.2550 limits Ripple’s upside. Ripple is up more than 3% on a weekly basis. Ripple (XRP/USD) rose above $0.2550 on Saturday but closed the day virtually unchanged at $0.2518. In Sunday’s choppy market action, the pair edged lower and was last seen losing 0.85% on a daily basis at $0.2496. Ripple technical outlook Ripple’s failure to close the day above $0.2550 (Fibonacci 50% retracement of July-August rally) opens the door for a further downward correction toward $0.2400 (Fibonacci %61.8 retracement) and $0.2360 (100-day SMA). On the upside, $0.2700 (Fibonacci 38.2% retracement) is the next target above $0.2550. However, the Relative Strength Index (RSI) indicator on the daily chart stays below 50, suggesting that bullish momentum is struggling to gather strength. 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 Forex Today: Sluggish growth and mounting coronavirus concerns FX Street 1 year Ripple (XRP/USD) posts modest daily losses on Sunday. Key Fibo resistance at $0.2550 limits Ripple's upside. Ripple is up more than 3% on a weekly basis. Ripple (XRP/USD) rose above $0.2550 on Saturday but closed the day virtually unchanged at $0.2518. In Sunday's choppy market action, the pair edged lower and was last seen losing 0.85% on a daily basis at $0.2496. Ripple technical outlook Ripple's failure to close the day above $0.2550 (Fibonacci 50% retracement of July-August rally) opens the door for a further downward correction toward $0.2400 (Fibonacci %61.8 retracement) and $0.2360 (100-day SMA). On the upside, $0.2700 (Fibonacci 38.2%… 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.
