Ripple defies general consolidation movement in the crypto market posting a 5% gain in value. The bulls are largely in control but the retreat of the RSI under 70 is likely to signal a price reversal movement. Ripple bulls have remained defiantly bullish since Monday. Despite the spectacular correction testing and failing to break above $0.30 hurdle, the price has been astonishingly bullish to stay above $0.29. XRP/USD is trading at $0.2976 and is up a cool 5% in the last 24 hours. However, the intraday chart shows a subtle fall in the value of 0.23%. Following the recovery from the recent lows on September 24 whereby Ripple tested the levels towards $0.21, the price has sustained an uptrend within a lovely ascending channel. Both sides of the channel have been tested numerous times and have proved to be rock-solid to nurture the ongoing movement Ripple is trading above the Simple Moving Averages (SMAs) whereby the 50 SMA on the four-hour chart is in line to offer support along the lower trendline of the channel. The SMA 100 currently at $0.2639 will also provide support. Other support levels to keep in mind are $0.28, $0.27, $0.25 and $0.24. The Relative Strength Index (RSI) suggest that the buyers have the joystick in their hands. However, traders should be on the lookout for any retreat movement under 70 likely to flag a reversal. XRP/USD 240′ 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 The Libra Association signs 21 official members and forms board FX Street 4 years Ripple defies general consolidation movement in the crypto market posting a 5% gain in value. The bulls are largely in control but the retreat of the RSI under 70 is likely to signal a price reversal movement. Ripple bulls have remained defiantly bullish since Monday. Despite the spectacular correction testing and failing to break above $0.30 hurdle, the price has been astonishingly bullish to stay above $0.29. XRP/USD is trading at $0.2976 and is up a cool 5% in the last 24 hours. However, the intraday chart shows a subtle fall in the value of 0.23%. Following the recovery from… 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.
