XRP has been struggling to hold its head up in the trading space, and it appears it could be heading back down to key support levels as traded versus the USD. The XRP/USD pair struggled to cross above the daily Ichimoku cloud and with the Kijun, Tenkan, and the Chiko lines heading down, we could see the 0.1708 and 0.1390 levels tested once again. Since it was first available to trade back in May 2017, Ripple has not been able to reach its ICO level of 0.3740. However, some may argue that these headwinds often challenge new securities. With Ripple opening its first branch in India, the largest recipient of corporate and retail remittances worldwide, we could still see long-term growth in the XRP. San Francisco-based Ripple has always been about introducing banks to blockchain technology in order to facilitate instant global money transfers. So we could expect them to reveal yet another expansion surprise in the near future. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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