Ripple’s XRP failed breakout over the weekend extended the bearish action on Monday. After defending the support at the main trendline and $0.2560, the buyers are keen on pushing for a reversal above $0.26 (short-term resistance). XRP/USD daily chart XRP is sliding towards a massive breakout as technical levels align. The minding falling wedge pattern breakout could launch the cryptoasset in a trajectory above $3.0. XRP/USD 4-hour chart XRP must clear the descending trendline resistance for a breakout above the critical $0.28 and $0.33 barriers. Glancing lower, XRP/USD is strongly protected in the zone between $0.24 and $0.2450. XRP/USD 1-hour chart The 100 Simple Moving Average double-cross above the 200 SMA at $0.2574 suggests that XRP will consolidate at a higher level in the coming sessions. An intermediate trendline break extended the bearish action on Monday but the main trendline is working as a bounce wall for the ongoing reversal. 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 UK PM Johnson: A Brexit deal can be done by 18 October, let’s do it together FX Street 4 years Ripple's XRP failed breakout over the weekend extended the bearish action on Monday. After defending the support at the main trendline and $0.2560, the buyers are keen on pushing for a reversal above $0.26 (short-term resistance). XRP/USD daily chart XRP is sliding towards a massive breakout as technical levels align. The minding falling wedge pattern breakout could launch the cryptoasset in a trajectory above $3.0. XRP/USD 4-hour chart XRP must clear the descending trendline resistance for a breakout above the critical $0.28 and $0.33 barriers. Glancing lower, XRP/USD is strongly protected in the zone between $0.24 and $0.2450. XRP/USD 1-hour… 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.
