XRP/USD recovers from recent lows to trade above $0.33. The market is irresponsive to fundamental developments. Ripple’s XRP dropped to $0.3282 during early Asian hours amid major technical sell-off. However, the coin managed to recover towards $0.3320 by the time of writing. The third largest digital asset is still down 1.5% form this time on Thursday and marginally higher on a weekly basis. What’s going on? The Singapore-based cryptocurrency exchange Houbi opened its branch in the United States. Now the customers may trader three XRP-based trading pairs USD/XRP, BTC/XRP and USDT/XRP. While the news is positive to Ripple’s coin, the market reaction seems to be muted so far. Ripple’s technical picture On the intraday charts, the initial support is created by $0.3280-$0.3270 area (SMA50 and SMA100 4-hour chart). If the price moves lower, the sell-off may be extended towards the next barrier created by 61.8% Fibo retracement at $0.3220. Meanwhile, $0.3200 is likely to stop the downside correction. On the upside, the initial resistance is created by 50.0% Fibo retracement at $0.3350. It is followed by a stronger barrier at psychological $0.3400 closely followed by SMA100 (4-hour) and 38.2% Fibo retracement on approach $0.3450. XRP/USD, 4H 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 US: Housing starts decline 0.3% in March vs +6.5% expected FX Street 4 years XRP/USD recovers from recent lows to trade above $0.33. The market is irresponsive to fundamental developments. Ripple's XRP dropped to $0.3282 during early Asian hours amid major technical sell-off. However, the coin managed to recover towards $0.3320 by the time of writing. The third largest digital asset is still down 1.5% form this time on Thursday and marginally higher on a weekly basis. What's going on? The Singapore-based cryptocurrency exchange Houbi opened its branch in the United States. Now the customers may trader three XRP-based trading pairs USD/XRP, BTC/XRP and USDT/XRP. While the news is positive to Ripple's coin,… 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.