Ripple's XRP: Missing in the action

  • XRP fails to make its mark felt while others run.
  • Finds it tough to cross past resistances, direction lower.

XRP, the crypto coin of ambitious financial company Ripple, has failed to make its mark felt in this ongoing bull run, wherein almost all the coins have rallied quite a bit, barrring XRP which has found it difficult to cross past some key resistances.

XRP/USD is up three cents of a percent at $0.3333 and trading in about a percent's range for the day. On the three-hour chart of this third largest cryptocurrency by market capitalisation, it has been unable to cross past this stiff resistance all through this month.

However, downside is protected for now around $0.313, it will be some task for the bulls to keep defending it for long unless they are able to cross past the descending trendline on the upside.

XRP/USD 180-minute chart:


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