XRP/USD selling pressure, appearing to be some touted profit taking. SWIFT has denied the rumours of a partnership with Ripple, following the circulation via the social media space. Ripple’s XRP has been under pressure for the past two trading sessions now, dealing with touted profit taking. Following a decent run of gains, the price had been on a three-consecutive run of gains, below running into sellers. XRP/USD gained an incredible 30% from the back end of October until 6th November, before hitting a recent top. The market bears will likely be eyeing a return down to the big psychological $0.5000 mark. Looking via the 60-minute chart view, a near-term ascending trend line can be seen. This has been running from 4th November. Should XRP/USD continue south and meet this trend line, it is seen around $0.5000. A failure to hold could see a fast move down to $0.4600 area, where the next area of demand is observed. XRP/USD 60-minute 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 IMF: Italy won’t achieve economic growth through fiscal stimulus FX Street 4 years XRP/USD selling pressure, appearing to be some touted profit taking. SWIFT has denied the rumours of a partnership with Ripple, following the circulation via the social media space. Ripple's XRP has been under pressure for the past two trading sessions now, dealing with touted profit taking. Following a decent run of gains, the price had been on a three-consecutive run of gains, below running into sellers. XRP/USD gained an incredible 30% from the back end of October until 6th November, before hitting a recent top. The market bears will likely be eyeing a return down to the big psychological $0.5000… 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.
