XRP/USD drops below the upward trending line. Hourly XRP/USD chart dipped below the red Ichimoku cloud. XRP/USD daily chart The XRP/USD price failed around the $0.30 zone on 17th October and has settled around the $0.29 level. The price has been consolidating horizontally in a flag formation and has dropped below the upward trending line. The price is floating above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The Moving Average Convergence/Divergence (MACD) indicates a reversal of bullish momentum. XRP/USD four-hour chart The two latest sessions have dropped the four-hour XRP/USD chart below the support provided by the SMA 20 and SMA 50 curves. The 20-day Bollinger jaw has widened a bit, which indicates increasing market volatility. The four-hour chart had earlier encountered resistance at the upper 20-day Bollinger curve. The Elliott Oscillator has had two straight bearish sessions following six consecutive bullish sessions. XRP/USD hourly chart The hourly chart dropped into the red Ichimoku cloud after failing at the $0.296 level. After two hours, XRP/USD peeked above the red Ichimoku cloud, before the latest session dropped the price below the cloud. Currently, the $0.287 support level is keeping the hourly price up. The Relative Strength Index (RSI) indicator is trending around 32.30, right next to the oversold territory. Key Levels 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 market update: Bears thrust BTC/USD below $8,000 FX Street 3 years XRP/USD drops below the upward trending line. Hourly XRP/USD chart dipped below the red Ichimoku cloud. XRP/USD daily chart The XRP/USD price failed around the $0.30 zone on 17th October and has settled around the $0.29 level. The price has been consolidating horizontally in a flag formation and has dropped below the upward trending line. The price is floating above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The Moving Average Convergence/Divergence (MACD) indicates a reversal of bullish momentum. XRP/USD four-hour chart The two latest sessions have dropped the four-hour XRP/USD chart below the support… 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.
