- Ripple price is lethargic under $0.28 short-term hurdle but $0.27 is a credible support area in the short-term.
- Despite the visible declines in the short timeframe charts, XRP/USD has sustained an uptrend from August lows close to $0.24.
Spot rate: 0.2738
Relative change: 0.003582
Trend: Strongly bearish
XRP/USD daily chart
Ripple bulls’ confidence in the uptrend unshaken as the price gradually slopes north above the short-term trendline.
XRP/USD 4-hour chart
$0.24-$0.26 established as a credible refuge in the event of a reversal. Correction above the descending trendline to open the door for gains above $0.3.
XRP/USD 1-hour chart
Ripple price is slightly bearish in the short-term. However, the price is above the moving averages suggesting existing bullish power in the short-term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.