Search ForexCrunch
  • XRP/USD is glued to $0.3600 handle.
  • Skrill announcement went unnoticed so far.

XRP/USD is flirting with $0.3600, down 2.5% since this time on Sunday. The second largest coin with a market value of $14.5 is locked within the bearish trend after a series of unsuccessful attempts to clear $0.40 hurdle.

Meanwhile, the payment system Skrill added support for XRP coin to satisfy the customers’ demand. While the company announced the decision at the previous week, the market reaction has been muted so far.

“We’re very excited to announce #XRP has been added to the list of #cryptocurrencies you can buy and sell with Skrill. Thank you to everyone who has asked about @Ripple. It’s here!”

XRP is the fifth digital asset available at Skrill along with BTC, BCH, ETH и LTC.

Ripple’s technical picture

From the intraday point of view, XRP’s upside is capped by a strong resistance area $0.3685-$0.3700, created by a confluence of  SMA50 (4-hour), SMA100, SMA200 and SMA50 (1-hour). Once it is cleared, the coin may extend the upside towards the above-mentioned psychological $0.40.

On the downside, the support lies with the recent low at $0.3559 and by the broken trendline from November 18 high at $0.5269 (currently at $0.3520). Once below, the sell-off may be extended towards $0.33 and to the recent low of $0.3237.

XRP/USD, 4-hour chart