[ad_1]
- The US SEC postpones a proposed Bitcoin ETF that causes panic in the market for the second time.
- XRP has joined Bitcoin and Ethereum to explore monthly lows.
- XRP / USD comfortably settles above $ 0.30 when it calms down.
The hell broke out again in the cryptocurrency market. The situation continues to worry investors, but digital currencies have continued to explore not only the monthly lows, but also the lows of the year. XRP, a resource that has been praised for its ability to retain most of its value due to falling prices, suffered by bears because the price broke support at $ 0.32 and main support for $ 0.3. Ripple's XRP traded intraday lows of $ 0.292 (even the December low) before rebounding to recover broken support at $ 0.3.
Currently, XRP / USD is trading at $ 0.305 after being stuck in a new range with an upper limit of $ 0.31. The 15-minute and 50-year moving average is also hindering the upward movement to $ 0.309. If XRP escapes the beam resistance, it will come across another obstacle to the simple moving average of 100.
A look at the chart, we see that it is calm after the storm. The XRP is stable above $ 0.30, however, buyers do not have the opportunity to push for further inversions towards $ 0.35. The indicators in the table are in a range without signals for up or down movement. For example, the RSI is holding on to the 50% mark as the fast stochastic heads south to show that the sellers are still here and the XRP is still likely to fall below $ 0 again on Friday.
In other news, the US Securities and Exchange Commission (SEC) postponed the decision on a Vancock Bitcoin (ETF) exchange fund and the startup blockchain SolidX until 2019. This is the second time that the SEC is delaying this BTC ETF proposal and according to the guidelines, can not be postponed again. This means that in 2019, the regulator will have to approve or reject. Meanwhile, investors seem to be too scared to engage in a bear market that no one knows when it hit bottom.
XRP / USD 15 chart
Receive Crypto updates 24 hours a day on our social media channels: give a follow-up to @FXSCrypto and our Telegram channel of Trading Crypto FXStreet
[ad_2]Source link
