empty
 
 
30.08.2021 04:16 PM
Short-term technical analysis on XRP/USD for August 30, 2021.

XRPUSD remains vulnerable to the downside. Price is in a corrective phase retracing the rise from $0.50 to $1.34. XRPUSD has potential to move lower below $1 specially if price breaks recent low of $1.04. If this recent low fails to hold, I expect XRPUSD to move towards $0.80-$0.90 area.

This image is no longer relevant

Red rectangle- support

Green - rectangle -resistance

If on the other hand price breaks above the green resistance area around $1.20-$1.22, then we should expect price to continue higher towards $1.35-$1.40. Overall price is making lower lows and lower highs after topping at $1.34. Bulls need to show more signs of strength in order for bulls to retake control of the trend.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback