Ripple price analysis: XRP / USD plunges 4.74% ignoring XRP listing on SWAPLAB.CC and CoinSpot exchanges

  • Operators can now exchange XRP against more than 50 cryptos on SWAPLAB.CC exchange.
  • The upside is limited by the current 100SMA hourly to $ 0.3313 while there is a downtrend going towards short-term support at $ 0.325. [19659003] The price of the ripple staged a marvelous recovery from the main support at $ 0.320. The upward trend has reduced resistance to $ 0.33, which has triggered another increase of $ 0.350. The XRP / USD rose slightly above $ 0.355 but at this point there was an inversion. Ripple embarked on a sled breaking various support areas; Trendline support for $ 0.3467, short-term support for $ 0.340 and $ 0.330.

    In other news, XRP has been added to SWAPLAB.CC where traders can trade the asset with fifty more cryptocurrencies. The announcement was made through the Twitter account of SWAPLAB.CC and reads:

    "Ripple $ XRP is now listed on the exchange of cryptocurrency @swaplab_cc You can exchange $ XRP with over 50 cryptocurrencies. Visa / Mastercard will arrive in October. "

    In addition, an Australian Exchange, Coinspot has also announced the listing of XRP on its platform. The quotation comes after the exchange of trading commissions at 0.1% on all market orders. XRP / AUD is already alive for trading on the exchange.

    Meanwhile, Ripple appears to have ignored the listings, and has also canceled earnings to the extent that it is trading levels on Tuesday 28. The upside is limited by the now 100SMA currently at $ 0.3313 while c & # 39. is a downward trend going towards short-term support at $ 0.325. However, there is a high probability that the purchase items will increase in the short term; the stochastic is oversold but begins to rise towards the top. The XRP / USD will have a higher sales pressure at $ 033, but a break above $ 0.335 will see Ripple moving further north towards $ 0.35.

    XRP / USD 1 hour chart

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