XRP Technical Analysis: XRP pushes to session highs but a key level is in sight

  • XRP/USD pushes to session highs
  • Key resistance level is in sight
  • 0.300 still seems the like the long term target for bulls

XRP/USD is headed to the key resistance level of 0.2822 which was used as support in a massive drop on 16th July.

There is also a trendline in the way marked in black and if it gets broken it could be an indication of more upside momentum.

0.2900 is the previous wave high and also a prominent resistance that could be a target for bulls if 0.2820 is broken.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.