XRP/USD Touched $0.3329 but failed to hold groundOn the intraday charts, the initial support for XRP/USD comes at $0.3350. It is created by SMA100 (30-min) and SMA50 (1-hour). Once it is cleared, the downside may be extended towards 61.8% Fibo retracement at $0.3220. This area is likely to slow down the sell-off. However, a sustainable move lower will expose psychological $0.3200 and the Sunday’s low $0.3175.
On the upside, the initial resistance is created by a confluence of SMA100 (1-hour) and SMA50 (4-hour) at $0.3280. It is followed by a psychological $0.3300 and the recent high of 0.3329.
The price slipped back into the mundane trading range of 2019 after bulls failed to maintain upside momentum. Ripple may have a hard time as banking and high-tech giants enter the market. Buy About 0.2750 level first traget 0.3300 level and final target 0.3550 Area.
On the Downside, XRP/USD break 0.2550 level then sell XRP first target 0.2400 and 0.2200 Area. Another sell position XRP touch 0.3550 level Sell XRP/USD target 0.3200 and 0.2700 level.
NEWS:
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** Google Play and Apple Store users will soon have access to XRP-backed payments.
** XRPayments has the ability to convert all the supported smartphones into Point-of-Sale (PoS) system.
** 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.
** Ripple as a blockchain startup has been successful in promoting its cross-border payment solution with numerous partnership deals with such
financial heavy weights as Banco Santander, Western Union, and UAE Exchange.
