Rajarshi Mitra
Independent Analyst
- XRP/USD bulls try to fight back following bearish Wednesday.
- Currently, the price is sandwiched between the SMA 50 and upward trending line.
- MACD shows sustained bearish momentum.
XRP/USD daily chart
-637256236859483539.png)
XRP/USD went up from $0.2015 to $0.202, following a bearish Wednesday. The price currently sandwiched between the SMA 50 and the upward trending line. The MACD shows sustained bearish momentum.
On the upside, the bulls face resistance at the upward trending line, SMA 20, $0.214 and $0.219. On the downside, healthy support lies at SMA 50, $0.198 and $0.188.
Key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Crypto ETF adoption should pick up pace despite slow start, analysts say
Big institutional investors are still wary of allocating funds in Bitcoin spot ETFs, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class.
Bitcoin Weekly Forecast: Will the “Uptober” rally reach a fresh all-time high?
Bitcoin continues to climb this week after breaking its resistance barrier, aiming for a new all-time high. US spot Bitcoin ETFs posted $1.86 billion in inflows until Thursday, the largest streak of inflows since mid-July.
Crypto Today: Main tokens gain as Bitcoin is less than 10% away from all-time high
Bitcoin climbs above $68,000 and pulls back as market participants turn greedy, according to the indicator that checks trader sentiment. Ethereum holds gains above $2,600 and XRP hovers around $0.55 on Friday.
Solana Price Forecast: SOL gains 2% as community discusses Firedancer validator for better performance
Solana gains 2% as its community discusses performance improvements through its new validator, Firedancer. Bitcoin’s Layer 2 project Solv Protocol launched BTC staking token on the Solana blockchain.
Bitcoin: Will the “Uptober” rally reach a fresh all-time high?
Bitcoin (BTC) rallied nearly 8% so far this week until Friday after breaking its resistance barrier, aiming for a fresh all-time high (ATH). This rise in Bitcoin’s price is supported by an increase in institutional demand, which showcased a $1.86 billion inflows this week, the largest streak of inflows since mid-July. Rising apparent demand and institutional reports suggest that the current BTC cycle resembles the third halving, when prices increased sharply.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.