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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 209785, member: 80239"] [JUSTIFY][img]https://i.ibb.co/rkMZX2L/6.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]XRP USD - Murrey analysis[/JUSTIFY][/HEADING] [JUSTIFY]The XRP USD pair is moving within a wide downward channel but has been consolidating around 0.3200 for the second week already and, unlike other leading cryptocurrencies, has not yet been able to recover significantly. The long-term downtrend continues, but for further decline, quotes will need to break through the zone of 0.3200–0.2930. After that, the price will open the way to 0.1953 (Murrey [2/8]) and 0.0977 (Murrey [1/8], the lower border of the downwards channel). The key "bullish" level is 0.3906 (Murrey [4/8]), the breakdown of which will give the prospect of prices recovering to 0.4883 (Murrey [5/8]), 0.5859 (Murrey [6/8]). [img]https://i.ibb.co/1zgb7HY/xrp.png[/img] Technical indicators do not give a single signal: Bollinger bands are directed downwards, the MACD histogram decreases in the negative zone, and Stochastic is directed upwards. [B]Resistance levels[/B]: 0.3906, 0.4883, 0.5859 | [B]Support levels[/B]: 0.2930, 0.1953, 0.0977[/JUSTIFY] [/QUOTE]
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