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XRP Price Tests Critical Barrier: Will Bulls Lose Steam?

XRP price recovered most losses and rallied toward $2.75. The price is now facing hurdles near the $2.70 zone and might start another decline. XRP price started a strong upward move above the $2.60 level. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.780 resistance zone. XRP Price Recovery Faces Resistance XRP price started a recovery wave from the $1.75 support zone, like Bitcoin and Ethereum . The price gained pace for a move above the $2.00 and $2.25 resistance levels. The bulls pumped the price above the $2.50 and $2.550 levels. However, the bears remained active below the $2.80 level. A high was formed at $2.780 and the price is now correcting gains. There was a move below the $2.62 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.70 level. There is also a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.780 level. The next resistance is $2.80. A clear move above the $2.80 resistance might send the price toward the $2.940 resistance. Any more gains might send the price toward the $3.000 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120. Another Decline? If XRP fails to clear the $2.70 resistance zone, it could start another decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.2650 level or the 50% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high. If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.420 and $2.2650. Major Resistance Levels – $2.70 and $2.780. coinpedia

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FBS Forex Review 2024: Is FBS a Safe Broker for Trading?

What Is FBS Forex? FBS Forex is a globally recognized Forex and CFD broker , established in 2009 , and regulated by top-tier authorities like ASIC (Australia) and CySEC (Cyprus) . With over 550 trading instruments , high leverage up to 1:3000 , and a low minimum deposit starting at $5 , FBS has become a popular choice for traders worldwide . Founded: 2009 Regulated By: ASIC, CySEC Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader App Minimum Deposit: $5 Maximum Leverage: 1:3000 FBS Forex Key Features 1. Wide Range of Trading Instruments Trade over 550 assets , including: Forex pairs (EUR/USD, GBP/USD, etc.) Commodities (Gold, Silver, Oil) Indices & Stocks Cryptocurrencies (Bitcoin, Ethereum) 2. High Leverage Up to 1:3000 Flexible leverage options allow traders to maximize profits with smaller capital . Suitable for both beginners and experienced traders . 3. Multiple Trading Platforms MetaTrader 4 (MT4) & MetaTrader 5 (MT5) for professional traders. FBS Trader App – A mobile-friendly trading platform for easy access. 4. Low Minimum Deposit Requirement Start trading with as little as $5 , making it accessible for new traders . Offers multiple account types , including Cent, Standard, and ECN accounts . 5. Educational Resources & 24/7 Customer Support Free webinars, tutorials, and trading courses . 24/7 customer support via live chat, email, and phone . Pros & Cons of FBS Forex Pros: Low minimum deposit ($5) for beginners. High leverage (up to 1:3000) for bigger trading opportunities. Regulated broker with CySEC and ASIC licenses . User-friendly trading platforms (MT4, MT5, FBS Trader). Cons: Higher spreads on some trading pairs compared to competitors. Some traders report delays in withdrawals . Limited cryptocurrency trading options . Is FBS Forex a Safe Broker? FBS is a legit and regulated broker under ASIC & CySEC , ensuring compliance with global financial standards. However, traders should always exercise caution, review withdrawal policies, and check trading conditions before investing . Conclusion: Should You Trade with FBS Forex? FBS is a solid forex broker offering low deposit accounts, high leverage, and multiple trading instruments . It’s a great choice for both beginners and experienced traders , but be mindful of spread fees and withdrawal policies . Best For: New traders looking for low-cost trading & high leverage opportunities. To stay updated on the latest Forex trading opportunities, check out our expert insights and reviews. coinpedia