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XRP/USD: XRP fell to its previous support at 0.505; critical resistance at 0.515

Denis Joeli Fatiaki Independent Analyst

XRP/USD: XRP fell to its previous support at 0.505; critical resistance at 0.515

What is going on with XRP/USD?

XRP/USD: XRP held on above 0.525 in yesterdays session and made a few runs to 0.540; however the pair fell in today's session to its previous support at 0.505. The pair had been floating around 0.505 for the past five hours consolidating and working out its next move. XRP needs to break and maintain above 0.515 to head back up. The pair could continue further down to 0.495 and 0.485 if it fails to maintain above 0.505

Support/Short - 0.505, 0.495, 0.485, and 0.465

Resistance/Long - 0.515, 0.525, 0.530, and 0.540

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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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