A mid-session bounce after reaching key support

XRP/USD 30 Minute Chart


The XRP/USD pair is reacting upwards during the U.S. session in an attempt to regain the $0.294 price level. The rapid decline seen during the Asian session has stretched the technical indicators, and now there is a logical reaction.

Given the fall suffered this morning, the XRP has once again fallen below the accelerated downward trend line that governs its movements from the relative highs of late December.

Today the XRP is once again proving to be an asset with a worrying lack of consistency. Just a week ago it was surprising with strong rises that crossed several important resistances without problems, today it undoes everything with the same ease and returns to a territory that is not very consistent.


https://www.fxstreet.com/cryptocurrencies/news/xrp-usd-chart-02-06-2019-a-mid-session-bounce-after-reaching-key-supports-201902061551