• XRP/USD recovers from recent lows to trade at $0.32.
  • XRP user buy some coins with crypto ATM in New Jersey.

Ripple’s XRP dropped to $0.3175 on Sunday before recovering towards $0.3200 during early Asian hours on Monday The coin is still down 2.5% on a day-on-day basis and unchanged since the beginning of the day.

What’s going on?

XRP users report on crypto ATM in New Jersey that supports XRP transactions. CryptoMedia News Desk uploaded a video where a user buy some XRP coins with his debit card and send them to TrustWallet wallet.

The community hailed the move as a game changer and expressed a hope that the option will be added soon to crypto ATMs across the country. Many users claim that ATMs make it easier and faster to conduct cryptocurrency transactions, even though the fees might be higher.

Ripple’s technical picture

On the intraday charts, XRP/USD broke below 61.8% Fibo retracement at $0.3220, which is an unhappy development for XRP bulls. A sustainable move below $0.3200 will expose the Sunday’s low and eventually take the coin towards horizontal support $0.3135 followed by psychological $0.3100.  This area is likely to stop the downside correction and initiate a recovery.

On the upside, the initial resistance is created by the above mentioned 61.8% Fibo retracement, followed by a confluence of SMA100 and SMA500 (4-hour) at $0.3280. It is followed by a psychological barrier $0.3300 and 50% Fibo retracement on approach to $0.3350.

XRP/USD, 4H chart    

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Dow Jones to release cryptocurrency indexes next year

It seems that the S&P Dow Jones Indices is the latest company to join the cryptocurrency craze. It plans to launch indices for more than 550 of the top traded coins and clients will be able to work with them to create customized indices.

More Cryptocurrencies News

Ethereum price moves out of no-trade zone but faces massive supply barrier ahead

ETH/USD has settled above $600 and extended the recovery towards $611 on Thursday after a period of range-bound trading. The second-largest digital asset has hit the intraday high at $615 and gained over 2% in the past 24 hours.

More Ethereum News

XLM to regain lost ground, technicals show 7% move in sight

Stellar (XLM) hit the all-time high at $0.2337 on November 25 amid a significant bullish trend on the cryptocurrency markets and has been drifting down ever since. 

More Stellar Lumens News

Yearn Finance building a DeFi empire to replace traditional banks

Yearn.Finance is a DeFi project with the most expensive native token in the industry. At the time of writing, one YFI could cost you more than $29,000, which is still relatively cheap compared to its all-time high reached $44,00 on September 12.

More Yearn.finance News

BEST CRYPTO BROKERS/EXCHANGES




Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Bitcoin has lived through a roller-coaster week. The pioneer digital currency hit another multi-year high of $19,500 and got really close to the all-time high on Wednesday. 

Read the weekly forecast

BTC

ETH

XRP