Ken Chigbo
Independent Analyst
- XRP/USD is holding healthy gains on Monday, up over 3.50% in the latter stages of the session.
- Bulls extend move to the upside, following the breakout from a bull flag pattern seen last week.
- The median forecast across 9 cryptocurrency experts on a panel with finder.com report, sees XRP/USD at $0.57 by next month - December.
- Lowest price forecast was at $0.31, with the most bullish of $1.00, by December for XRP/USD.
XRP/USD daily chart
Spot rate: 0.4833
Relative change: +3.14%
High: 0.4962
Low: 0.4487
Trend: Bullish
Resistance 1: 0.4931, daily pivot point resistance.
Resistance 2: 0.5092, 15 October high area & daily pivot point resistance.
Resistance 3: 0.5790, supply area.
Support 1: 0.4657, 50DMA.
Support 2: 0.4525, daily pivot point support.
Support 3: 0.4421, on top of breached flag.
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