XRP/USD touched the area above $0.5200 handle for the first time since June 22. Short-term trend is bullish as long as the coin above $0.4821. XRP/USD is trading at $0.4567 to press time, off the intraday high registered at $0.5248. The coin has gained 7.8% on a daily basis and 1.8% since the beginning of Wednesday. Ripple price is moving in sync with Bitcoin and other cryptocurrencies, which have been experiencing steady growth since the beginning of the week. XRP’s market value is registered at $19.8 with the average daily trading volume $329M. Ripple’s technical picture From the technical point of view, XRP/USD broke a critical $0.5100 resistance area, which increased the momentum and pushed the coin higher. 50-DMA, currently at $0.5290 cap further upside. It is cleared, the recovery may be extended towards 78.6% Fibo retracement at $0.5600. Now critical $0.50. On the downside, the local support is produced by $0.50, followed by 200-SMA (4-hour chart) at $0.4821. The overall trend remains positive as long as the price stays above this area. A sustainable movement lower will open the way to critical $0.4500. XRP/USD, the daily 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 China’s ForeignMin: Trade war is the biggest ‘confidence killer’ for the global economy FX Street 5 years XRP/USD touched the area above $0.5200 handle for the first time since June 22. Short-term trend is bullish as long as the coin above $0.4821. XRP/USD is trading at $0.4567 to press time, off the intraday high registered at $0.5248. The coin has gained 7.8% on a daily basis and 1.8% since the beginning of Wednesday. Ripple price is moving in sync with Bitcoin and other cryptocurrencies, which have been experiencing steady growth since the beginning of the week. XRP's market value is registered at $19.8 with the average daily trading volume $329M. Ripple's technical picture From the technical… 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.
