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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 208707, member: 80239"] [JUSTIFY][img]https://i.ibb.co/BtfKgV8/xrp-forum-2.png[/img] The XRPUSD pair is moving within a wide downward channel, but it has been consolidating around 0.41 in relative equilibrium for the second week. At the moment, the asset's downtrend is maintained, signaled by a downward reversal of the Bollinger and Stochastic bands. To resume a serious decline, the price will have to break below the support zone of 0.4100–0.3650, and in this case, the trading instrument will be able to continue moving towards 0.2930 (Murrey [3/8]) and 0.1953 (Murrey [2/8], the lower limit of the downwards channel). The key "bullish" level is 0.4883 (Murrey [5/8]), above the middle line of Bollinger bands, the breakdown of which will give the prospect of resuming the upward dynamics of the token quotes to the area of 0.6000 (Murrey [6/8], Fibonacci correction 23.6%), 0.6836 (Murrey [7/8]) but so far this variant of further movement seems less likely. [B]Resistance levels[/B]: 0.4883, 0.6000, 0.6836 |[B] Support levels[/B]: 0.3650, 0.2930, 0.1953 [img]https://i.ibb.co/qRVQqys/xrp.png[/img][/JUSTIFY] [/QUOTE]
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