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XAU/USD

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XRP/USD: XRP attempts to defend its position at its 500 EMA; resistance at 0.485

Denis Joeli Fatiaki Independent Analyst

XRP/USD: XRP attempts to defend its position at its 500 EMA; resistance at 0.485

What is going on with XRP/USD?

XRP/USD: XRP has pulled back from 0.510 and successfully filled a price gap at 0.465 created in yesterday's trading session. The pair is currently trading at 0.483 and needs to break and remain above 0.485 resistance to proceed to 0.500 and 0.510. The pair could head down to 0.465 if it fails to continue at 0.485.

Support/Short - 0.465, 0.455, and 0.435

Resistance/Long - 0.485, 0.500, 0.510, and 0.525

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Chart 1: The short-term view of the XRP/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

Chart 2: The short-term view of the XRP/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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