- XRP/USD has recovered from Asian lows, still vulnerable.
- Ripple company is hiring staff with 40 job openings.
XRP/USD is changing hands at $0.4057, off the Asian low reached at $0.3937. Despite the recovery, th second largest crytocurrency with market value of $61.4B is still down over 7% in recent 24 hours.
Meanwhile. Ripple company is growing rapidly. The company as 40 open job positions, while statistical data gathered by Statistics by Great Place to Work shows that over 90% of Ripple employees satisfied with ther work. Moreover, nearly 100% of them a ready to input extra efford to get the job done.
Ripple’s technical picture
The nearest XRP/USD support comes at $0.4200 (Thursday’s low) and $0.4260 handle (DMA100). A sustainable move higher will bring $0.4650 in focus (38.2% Fibonacci retracement monthly), which is followed by $4720 (DMA50) and and a combilantion of SMA50, SMA200 (4-hour chart) and DMA200 at $0.4760. We need to see the coin above this area to get hole for an extended recovery towards ctitical $0.50.
On the downside, the coin is supported by $0.4000 followed by the Asian low at $0.3937. The important hurdle is created by the lower line of the recent border at $0.38 and at October 12 low $0.3760.
XRP/USD, the daily chart