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FX.co ★ XRPUSD strength into resistance.

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Crypto Analysis:::2021-09-02T13:18:05

XRPUSD strength into resistance.

XRPUSD has broken above the $1.20-$1.25 resistance and is heading towards the next upside target and major resistance of $1.35. Breaking above these resistance levels is key for the medium-term targets.

XRPUSD strength into resistance.

Red line - resistance (broken)

Blue lines- Fibonacci extension targets

XRPUSD has broken the downward sloping resistance trend line and is moving higher. Our next upside target is at $1.35 where we also find the recent highs after the low of $0.50. Short-term trend is bullish. The recent low at $1.04 could prove to be a major low if price breaks and stays above $1.35. If this happens, then we should be expecting a higher high above the 2021 highs.

Analyst InstaForex
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