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Ripple sentimental analysis: XRP/USD stages a recovery as XRP futures go live on Huobi exchange

Published 03/28/2019, 07:08 AM
Updated 03/28/2019, 07:09 AM
© Reuters.
XRP/USD
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XRP/USD
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  • The sideways trading in the range between $0.33 and $0.30 meant that XRP/USD is supported in a core support zone.
  • Huobi customers to participate in XRP weekly, bi-weekly and quarterly contracts starting from 10:00 UTC on March 29.

Ripple has in the past few weeks failed to break above $0.35 leading to a correction towards the key support at $0.30. The sideways trading in the range between $0.33 and $0.30 meant that XRP/USD is supported in a core support zone. However, it appears that the buyers have been losing confidence in the potential of the asset to reverse the trend and attack higher levels towards $0.4. Therefore, on Tuesday Ripple suffered another blow with the price being pushed below $0.3 and $0.9.

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