Ripple Technical Analysis: XRP/USD suffers a mild dip below $0.30

FX Street

Updated: 4 Aug. 2020 | 23:17

XRP/USD is currently trading at $0.299 after a drop from $0.319.
XRP remains in a robust daily uptrend and welcomes some consolidation.

XRP has been a lagger but finally got a breakout of its own and it’s now way above any daily EMA’s.

XRP/USD daily chart

XRPUSD

The 12-EMA is currently located at $0.261 while the 26-EMA is at $0.235, both EMAs should serve as support levels in case XRP fails to hold $0.30 for an extended period of time. There aren’t many resistance levels until $0.346, the 2020-high.

XRP/USD technical indicators

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