empty
12.01.2022 04:02 PM
XRPUSD could reach $0.85 soon.

XRPUSD like most of the cryptocurrencies are showing short-term reversal signals and signs of strength. In the 4 hour charts price has broken above short-term resistance and provided a short-term reversal signal.

This image is no longer relevant

Red line - short-term resistance (broken)

Blue line- resistance

XRPUSD is turning higher and is making higher highs and higher lows. There is potential for price to test the next important resistance at $0.85 area. It is too soon to tell if the low made two days ago, around $0.69, is a major low. Bulls have a lot of work ahead of them. At $0.82 we find the 38% Fibonacci retracement of the entire decline from $1.015. At $0.85 we find the 50% retracement and the horizontal resistance as shown in the chart above. Bulls need to break above this level in order to hope for a bigger reversal.

选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.