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  • XRP/USD recovers from recent lows to trade at $0.32.
  • XRP user buy some coins with crypto ATM in New Jersey.

Ripple’s XRP dropped to $0.3175 on Sunday before recovering towards $0.3200 during early Asian hours on Monday The coin is still down 2.5% on a day-on-day basis and unchanged since the beginning of the day.

What’s going on?

XRP users report on crypto ATM in New Jersey that supports XRP transactions. CryptoMedia News Desk uploaded a video where a user buy some XRP coins with his debit card and send them to TrustWallet wallet.

The community hailed the move as a game changer and expressed a hope that the option will be added soon to crypto ATMs across the country. Many users claim that ATMs make it easier and faster to conduct cryptocurrency transactions, even though the fees might be higher.

Ripple’s technical picture

On the intraday charts, XRP/USD broke below 61.8% Fibo retracement at $0.3220, which is an unhappy development for XRP bulls. A sustainable move below $0.3200 will expose the Sunday’s low and eventually take the coin towards horizontal support $0.3135 followed by psychological $0.3100.  This area is likely to stop the downside correction and initiate a recovery.

On the upside, the initial resistance is created by the above mentioned 61.8% Fibo retracement, followed by a confluence of SMA100 and SMA500 (4-hour) at $0.3280. It is followed by a psychological barrier $0.3300 and 50% Fibo retracement on approach to $0.3350.

XRP/USD, 4H chart