3 min readRIPPLE (XRP/USD):
On the daily timeframe, price action has been quite choppy for most of the year. There haven’t been any significant moves indicating that XRP is poised to push toward new highs. As shown below, the price appears to be ranging while maintaining support within the $0.42 to $0.48 region.
Looking more closely, we appear to be breaking out of this daily descending trendline, but there hasn’t been much follow-through in terms of a strong upward push. The RSI doesn’t indicate that the price is overbought at these levels. Overall, if we begin to trade higher, I’ll be particularly interested in how the price reacts around the resistance zone in the $0.62 to $0.65 region.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
