Main Quotes Calendar Forum
flag

FX.co ★ Ripple to continue trading upwards

parent
Crypto Analysis:::2021-02-10T10:58:15

Ripple to continue trading upwards

As expected, XRP/USD traded sideways. In particular, around 0.4532 - 0.4769. But after that, Ripple broke through the upper border, climbing towards 0.5110, which was the high last January 30 (red dotted line).

According to analyses, if the price jumps higher, XRP/USD could reach 0.5564. There, the cryptocurrency could either undergo a breakout or a rebound downwards.

But at the time of writing, Ripple is trading at a rather strong resistance level, in which if the quote fails to break above it, price can turn downwards. Of course, this scenario is very unlikely, but there is a chance that it could happen.

Ripple to continue trading upwards

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...