XRPUSD is trading around $0.74 today, near the middle of the trading range it has been in for the last two and a half months. Price has made no real progress and that is why traders should be cautious.
XRPUSD is trapped inside the trading range as shown in the Daily chart above. Support is at $0.68 and resistance at $0.91. Until any of these levels breaks, traders need to be very cautious. Keep in mind also the long-term triangle pattern. This increases the importance of the $0.91 resistance.
