- Ripple revamped the trend upwards leading to a correction above the 50 SMA 1-hour and the 100 SMA 1-hour.
- In the short-term XRP trend will remain bearish bias until a reversal is realized above $0.34.
XRP/USD is trending lower 1.85% on Thursday. The declines come after the digital asset failed to sustain the trend above $0.3700 during the recent crypto surge. Ripple revamped the trend upwards leading to a correction above the 50 SMA 1-hour and the 100 SMA 1-hour. Additional gains in successive bullish pulled XRP above $0.33, $0.34 and it settled shortly above $0.35 before attacking the resistance congestion zone at $0.37.