Investors need to get accustomed to Ripple staying under $0.3. The 50 SMA is increasing the gap below the 100 SMA as selling action continues. The top three cryptocurrencies lead the market in a retreat phase following the false breakout on Monday. Ripple for the first time in seven six days stepped above the resistance ‘at $0.28. Nonetheless, the momentum lost steam marginally above $0.28. XRP has since caved in to the selling pressure as the bears trample on the bulls. Glancing at the hourly chart, we see Ripple trading at $0.2685 while battling the resistance at the 50 Simple Moving Average. $0.27 failed to hold as support during the retreat from the weekly highs but currently is limiting movement north. From a technical perspective, investors need to get accustomed to Ripple staying under $0.3. The Moving Average Convergence Divergence (MACD) is has a negative divergence while in the negative territory. At the same time, the 50 SMA is increasing the gap below the 100 SMA. The bearish price action is likely to continue in the near-term. As for support areas $0.26 is a credible cushion zone. Other key levels to lookout for are $0.25 and $0.24 respectively. 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 USD/JPY technical analysis: Intraday slide finds some support ahead of mid-105.00s, 23.6% Fibo. level FX Street 4 years Investors need to get accustomed to Ripple staying under $0.3. The 50 SMA is increasing the gap below the 100 SMA as selling action continues. The top three cryptocurrencies lead the market in a retreat phase following the false breakout on Monday. Ripple for the first time in seven six days stepped above the resistance 'at $0.28. Nonetheless, the momentum lost steam marginally above $0.28. XRP has since caved in to the selling pressure as the bears trample on the bulls. Glancing at the hourly chart, we see Ripple trading at $0.2685 while battling the resistance at the 50 Simple… 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.
