Analysis Cryptos Support & Resistance

XRPUSD in danger if it fails to hold $0.4150.

analytics6357d24877589.jpg

Red rectangle- resistance

Green rectangle- support

XRPUSD recently retested the support area around $0.4150-$0.43. Price respected support and bounced higher towards $0.47. A lower high has been formed and price is again under pressure towards $0.44. Failure to hold above the green support area will be a bearish signal and will put added pressure on price. This can lead to a deeper decline towards $0.38 to $0.36. On the other hand key resistance is at $0.53 and only a break above it will clear any fears of another pull back.

The material has been provided by InstaForex Company – www.instaforex.com


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420