XRP regained ground above critical $0.2700 level. The long-term trend remains bearish as long as the price stays below $0.4950. XRP is changing hands at $0.2724 at the time of writing. The third largest digital coin has recovered from Tuesday’s low at $0.2490 and gained over 5% in the recent 24 hours. XRP is responsive to the positive change of sentiments in the market, which makes further recovery more likely. Currently, Ripple’s cryptocurrency has a market value of $10.8B and an average daily trading volume of $291M. XRP’s technical picture XRP/USD has regained the ground above $0.2700 handle, which make the short-term technical picture a bit brighter. What’s more, the price has settled above both SMA50 and SMA100 (1-hour chart) and now aims at $0.2800 handle with SMA200 marginally above it. If it is cleared the upside may be extended towards $1.2870 (23.6% Fibo retracement weekly); however, the coin has to move above $0.30 before we can call this recovery sustainable. From the longer-term point of view, XRP/USD continues moving within the downside channel as long as it stays under the sloping trendline (currently at $0.4950). On the downside, the support is created by psychological $0.2700, strengthened by SMA100 (1-hour chart). It is followed by $0.2634 (SMA50) and $0.2600.Ultimate support is produced by $0.2500 – this handle stopped XRP/’s free fall and served as the base ground for recovery. XRP/USD, 1-hour chart 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 ECB and BoE to be the key event today – Danske Bank FX Street 5 years XRP regained ground above critical $0.2700 level. The long-term trend remains bearish as long as the price stays below $0.4950. XRP is changing hands at $0.2724 at the time of writing. The third largest digital coin has recovered from Tuesday's low at $0.2490 and gained over 5% in the recent 24 hours. XRP is responsive to the positive change of sentiments in the market, which makes further recovery more likely. Currently, Ripple's cryptocurrency has a market value of $10.8B and an average daily trading volume of $291M. XRP's technical picture XRP/USD has regained the ground above $0.2700 handle, which make… 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.
