Ripple’s falling triangle breakout loses momentum within a whisker of the 50 SMA resistance. Ripple price consolidation to last longer especially is the technical picture remains the same. XRP is also in the red on the third day of this week’s trading. The Asian trading session has been characterized by bearish action where Ripple kicked off the day at $0.2722 but touched an intraday low of $0.2704. A slightly bullish leg rose to $0.2727 before the price adjusted to $0.2712 (current market value). The third-largest cryptocurrency in the world is extending the consolidation after a falling triangle breakout failed to achieve the desired results. For now, XRP is teetering under the 50 Simple Moving Average on the 1-hour chart. The 100 SMA is standing at $0.2770 below the key resistance at $0.2800. The Relative Strength Index is gradually slopping upwards at 46. The Indicator retested the oversold (30) yesterday. The MACD is under the mean line, however, grinding north to show that bulls are regaining strength. $0.27 is establishing as a key support area above the$0.2500 (major support). XRP/USD 1-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 Ethereum technical analysis: ETH/USD keeps trending horizontally in a narrow $11-range FX Street 3 years Ripple's falling triangle breakout loses momentum within a whisker of the 50 SMA resistance. Ripple price consolidation to last longer especially is the technical picture remains the same. XRP is also in the red on the third day of this week's trading. The Asian trading session has been characterized by bearish action where Ripple kicked off the day at $0.2722 but touched an intraday low of $0.2704. A slightly bullish leg rose to $0.2727 before the price adjusted to $0.2712 (current market value). The third-largest cryptocurrency in the world is extending the consolidation after a falling triangle breakout failed to… 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.
