Ripple’s XRP price was trading down heavily on Thursday, over 6% in the latter part of the session. XRP/USD saw a big daily rejection by an upper descending trend line, firm eyes on support around $0.5000 area. Further south, ascending trend line on the daily, tracking at $0.4800, a failure to hold here could be catastrophic. XRP/USD daily chart Spot rate: 0.5037 Relative change: -6.43% High: 0.5437 Low: 0.5013 Trend: Bearish Support 1: 0.5000, big psychological area of support. Support 2: 0.4981, daily pivot point support. Support 3: 0.4800, ascending daily trend line. Resistance 1: 0.5525, daily pivot point resistance & upper trend line. Resistance 2: 0.5667, daily pivot point resistance, 6th November high. Resistance 3: 0.5797, daily pivot point resistance, 2nd October high. 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 AUD/USD moves sideways below 0.7300, Fed rate decision eyed FX Street 4 years Ripple's XRP price was trading down heavily on Thursday, over 6% in the latter part of the session. XRP/USD saw a big daily rejection by an upper descending trend line, firm eyes on support around $0.5000 area. Further south, ascending trend line on the daily, tracking at $0.4800, a failure to hold here could be catastrophic. XRP/USD daily chart Spot rate: 0.5037 Relative change: -6.43% High: 0.5437 Low: … 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.
