The 50 SMA will hinder growth at 0.452 and the 100 SMA at 0.45 (hourly chart). Ripple has stated yet another period of stability following the declines earlier this week. Ripple was the bull among the sloth of bears in cryptocurrency market in September. The crypto corrected higher over 100% as the price traded at $0.6. However, in the last few weeks the asset has been trimming the gains. For instance, it traded lows of $0.38 in the second week of October before the buyers pushed for a bullish move. The daily chart shows that a resistance is established at $0.5. The hourly chart, on the other hand, shows a short-term triangle that is steadily approaching a breakout. The pattern has been formed following the declines at the beginning of the week which hit the lows of $0.43. The price bounced from this support the upper limit of the range has capped the upward movement at $0.45. A break from the triangle resistance will ignite gains overwhelming the immediate resistance at $0.4450. The 50 SMA will hinder growth at 0.452 and the 100 SMA at 0.45. On the contrary if the support is broken, XRP/USD will break down further towards $0.4 which could spark more losses heading to $0.3. Currently, Ripple is trading in a dangerous zone with the bears sharpening their teeth ready to bite. According to the MACD the bulls are gaining traction in the near-term. The RSI confirms the rising presence of the bulls. The indicators, however, are motionless to show that the stability will continue. In other news, the largest crypto exchange in the U.S. Coinbase is looking at a massive profit of $1.3 billion amid the declining prices in the market. As reported by Bloomberg, the exchange raised at least $8 billion in digital assets. The firm has become one of the most valuable startups. Likewise, the value of the company is much higher compared to where it was last year. This year Coinbase will announced a profit of about $456 million up from the previous $380 million. XRP/USD 60′ 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 NZD/USD Technical Analysis: Once again fails near 50-DMA/descending trend-channel confluence hurdle FX Street 4 years The 50 SMA will hinder growth at 0.452 and the 100 SMA at 0.45 (hourly chart). Ripple has stated yet another period of stability following the declines earlier this week. Ripple was the bull among the sloth of bears in cryptocurrency market in September. The crypto corrected higher over 100% as the price traded at $0.6. However, in the last few weeks the asset has been trimming the gains. For instance, it traded lows of $0.38 in the second week of October before the buyers pushed for a bullish move. The daily chart shows that a resistance is established at… 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.
