While the two major cryptocurrencies Bitcoin and Ethereum slide to lower lows, XRPUSD broke out of the short-term bearish channel and above the $0,85 resistance. Earlier today XRPUSD rose to $0.91, however bulls are not strong enough to hold price at these levels. XRPUSD has returned to $0.83-$0.84.
XRPUSD daily candlestick has a long upper tail. This kind of candlesticks are usually bearish signs. Inability to hold the upside momentum after a breakout, is usually a sign of a fake break out. XRPUSD bulls need to recapture at least the $0.85 level and stay above it. Failure to stay above $0.81 will be a bearish sign and XRPUSD will be expected to push to recent lows of $0.75.
