Main Quotes Calendar Forum
flag

FX.co ★ XRP/USD remains trapped inside a bearish short-term channel

parent
Crypto Analysis:::2021-06-10T14:00:56

XRP/USD remains trapped inside a bearish short-term channel

XRP/USD does not follow Bitcoin's upward move and remains inside the short-term bearish channel. Price remains below the key resistance at $1,06 and above the key support at $0.65-$0.75.

XRP/USD remains trapped inside a bearish short-term channel

Red lines- bearish channel

Red rectangle- resistance

Green rectangle -support

XRP/USD bulls need to recapture $0.91 in order to exit the bearish channel and push price towards the major resistance of $1.06. Inability to do so will bring price lower towards $0.75 as a rejection at the upper channel boundary, will push price towards the lower channel boundary. Price is making lower lows and lower highs. No change in trend. No sign of a reversal yet.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...