XRP/USD had a very bullish Thursday where it went up from $0.284 to $0.302. The hourly XRP/USD chart is trending in a downward channel formation. XRP/USD daily chart XRP/USD has found support on the upward trending line. This Thursday, XRP/USD re-entered the $0.30 zone for the first time since September 20th. The 20-day Simple Moving Average (SMA 20) has crossed over the SMA 50 curve, which is a bullish sign. The Moving Average Convergence/Divergence (MACD) indicator implies sustained bullish momentum. XRP/USD four-hour chart The four-hour market has encountered resistance at the upper 20-day Bollinger curve. The Bollinger jaw is widening, which hints at increasing market volatility, while the Relative Strength Index (RSI) indicator is trending around 60.90, next to the overbought zone. XRP/USD daily chart The daily chart is trending in a downwards channel formation and dipped below the support provided by the SMA 20 curve after encountering resistance at the $0.302 line. The hourly price is floating above the red Ichimoku cloud, SMA 50 and SMA 200. The Elliott Oscillator has had five straight bearish sessions. 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 USD/INR technical analysis: Bounces off 21-day SMA, inside a month-long triangle FX Street 3 years XRP/USD had a very bullish Thursday where it went up from $0.284 to $0.302. The hourly XRP/USD chart is trending in a downward channel formation. XRP/USD daily chart XRP/USD has found support on the upward trending line. This Thursday, XRP/USD re-entered the $0.30 zone for the first time since September 20th. The 20-day Simple Moving Average (SMA 20) has crossed over the SMA 50 curve, which is a bullish sign. The Moving Average Convergence/Divergence (MACD) indicator implies sustained bullish momentum. XRP/USD four-hour chart The four-hour market has encountered resistance at the upper 20-day Bollinger curve. The Bollinger jaw is widening,… 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.
