Ripple price is trading within a tiny range the 23.6% being the support and an upper limit at $0.455. Charlie Lee compares Bitcoin (BTC) to Gold, Litecoin LTC) to Silver and Ripple (XRP) to Diamond. Ripple, like most of the coins and altcoins, is recording slight losses on the day. Ripple price tested but failed to break the resistance at $0.47 leading to declines that broke the support at $0.460 – $0.450. XRP/USD is currently testing the 23.6% Fib level support taken between the highs of $0.52 and $0.42 lows support at $0.446. During the declines, the price broke the 100 simple moving average support at $0.457 on the 2-hour chart. On the upside, the 200 simple moving average is a dynamic inflection position at $0.462. The level will allow Ripple to gain momentum towards the key resistance at $0.470. In the meantime, Ripple price is trading within a tiny range; the 23.6% Fib support and $0.455 upper limit (short-term). The price is also trading a classic falling wedge pattern with support at $0.4298 and a trendline resistance that coincides with the 38.2% Fibo between the moving averages. A breakout is in the pipeline in the short-term. XRP/USD is, however, likely to test the support at $0.440 before bouncing into a breakout towards $0.470 and $0.50 in the medium-term. While talking to a Chinese media, Jinse.com, Litecoin founder Charlie Lee shared his thoughts on Bitcoin, Litecoin as well as Ripple. As reported by Ethereum World News, Charlie Lee compared Bitcoin to Gold, Litecoin to Silver and Ripple to Diamond. In this case, Lee says that the centralized nature of XRP makes it comparable to Diamond. Lee states: “There are many possibilities (of finding and altcoin to resemble value), but Ripple is somewhat like a diamond because its supply is also artificially controlled. And diamonds are actually advertising “¦ If you want to buy a Ripple for marriage, it is very valuable, haha!” XRP/USD 2-hour 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 Bitcoin Technical Analysis: BTC/USD slipped lower by 5%, support below $8000 comes into play, however it may not be strong enough, after breaking the near-term supporting trend line FX Street 5 years Ripple price is trading within a tiny range the 23.6% being the support and an upper limit at $0.455. Charlie Lee compares Bitcoin (BTC) to Gold, Litecoin LTC) to Silver and Ripple (XRP) to Diamond. Ripple, like most of the coins and altcoins, is recording slight losses on the day. Ripple price tested but failed to break the resistance at $0.47 leading to declines that broke the support at $0.460 - $0.450. XRP/USD is currently testing the 23.6% Fib level support taken between the highs of $0.52 and $0.42 lows support at $0.446. During the declines, the price broke the… 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.
