XRP/USD ended its minor retreat and now is trading higher at 0.7995 at the time of writing. The altcoin stays higher despite Bitcoin’s drop. In the last 24 hours, XRP/USD is up by 5.95% and by 69.52% in the last 7 days.
The altcoin increased by 6.16% from today’s low of 0.7705 to 0.8179 daily high. The bias remains bullish, so further growth is natural.
XRP/USD 0.8179 Upside Obstacle!
As you can see on the H1 chart, XRP/USD failed to stay below the lower median line (lml) of the ascending pitchfork signaling strong buyers.
The immediate high of 0.8179 represents a static resistance. Technically, as long as it stays above the lower median line (lml), Ripple could extend its growth.
XRP/USD Outlook!
A valid breakout above 0.8179 activates further growth and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
XRP/USD ended its minor retreat and now is trading higher at 0.7995 at the time of writing. The altcoin stays higher despite Bitcoin’s drop. In the last 24 hours, XRP/USD is up by 5.95% and by 69.52% in the last 7 days.
The altcoin increased by 6.16% from today’s low of 0.7705 to 0.8179 daily high. The bias remains bullish, so further growth is natural.
XRP/USD 0.8179 Upside Obstacle!
As you can see on the H1 chart, XRP/USD failed to stay below the lower median line (lml) of the ascending pitchfork signaling strong buyers.
The immediate high of 0.8179 represents a static resistance. Technically, as long as it stays above the lower median line (lml), Ripple could extend its growth.
XRP/USD Outlook!
A valid breakout above 0.8179 activates further growth and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: