XRP/USD bearish momentum continues to exert pressure on support areas despite the oversold conditions. According to the RSI and the Elliot Wave Oscillator, a recovery is beckoning. The crypto market is irritatingly bearish on Thursday. The high volatility coupled with the worsening technical picture is a key indicator that the downside exploration is far from over. However, the slump that saw XRP shed gains accrued over the week took a pit stop at $0.25. The recovery motion that followed was more or less a reflex to the oversold market. Hence, it failed to make headway above $0.27. XRP/USD is teetering at $0.2695 after losing 1.65% of its value on the day. The momentum to the south is strongly bearish especially with Relative Strength Index (RSI) diving deeper into the oversold zone. As the RSI nearing oversold conditions, a bounce in Ripple price is around the corner. Besides, the Elliot Wave Oscillator is recording an extended bearish session which could eventually culminate in a reversal. XRP/USD four-hour 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 Turkey: CBRT to cut the 1w repo rate by 250bps – TDS FX Street 3 years XRP/USD bearish momentum continues to exert pressure on support areas despite the oversold conditions. According to the RSI and the Elliot Wave Oscillator, a recovery is beckoning. The crypto market is irritatingly bearish on Thursday. The high volatility coupled with the worsening technical picture is a key indicator that the downside exploration is far from over. However, the slump that saw XRP shed gains accrued over the week took a pit stop at $0.25. The recovery motion that followed was more or less a reflex to the oversold market. Hence, it failed to make headway above $0.27. XRP/USD is teetering… 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.
