XRP/USD recovered from the intraday low, but the upside is slow. Critical support is created by a psychological $0.1900. XRP/USD tested the intraday low at $0.1855 and recovered back above $0.2000. At the time of writing, XRP/USD is changing hands at $0.1935; the short-term bias remains bearish, while the volatility is high. The price of the third-largest digital asset has gained nearly 2% since the start of the day, though it is still 3% lower from this time on Sunday. XRP/USD: Technical picture On the daily charts, XRP’s recovery is limited by psychological $0.2000, which is reinforced by daily SMA50. However, above this barrier does not guarantee a sustainable recovery as a stronger resistance in the area $0.2030-$0.2040 may discourage the short-term bulls and push the price below $0.2000. The above-mentioned resistance zone includes daily SMA100 and SMA200 as long as 38.2% Fibo retracement for the downside move from February 2020 high. If it is cleared, the recovery will gather pace and bring $0.2080 and $0.2100 into focus. On the downside, the initial support is created by $0.1900. Once it is out of the way, the sell-off is likely to gain traction with the next focus on the intraday low of $0.1855 and $0.1800. XRP/USD 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 AUD/USD pares early losses, registers modest gains near 0.6550 FX Street 3 years XRP/USD recovered from the intraday low, but the upside is slow. Critical support is created by a psychological $0.1900. XRP/USD tested the intraday low at $0.1855 and recovered back above $0.2000. At the time of writing, XRP/USD is changing hands at $0.1935; the short-term bias remains bearish, while the volatility is high. The price of the third-largest digital asset has gained nearly 2% since the start of the day, though it is still 3% lower from this time on Sunday. XRP/USD: Technical picture On the daily charts, XRP's recovery is limited by psychological $0.2000, which is reinforced by daily SMA50.… 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.
