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    Thread: Cryptocurrency Analysis

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      IFX_Selena is offline
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      XRP/USD could soon provide a strong bullish signal

      XRP/USD is respecting so far short-term support and is now challenging important short-term resistance. Breaking above $0.46 will be a bullish sign that could push price much higher towards $0.52 area.

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      Red rectangles - resistance levels

      Upward sloping green line - support

      Ripple is so far respecting the upward sloping support trend line. As long as price is above $0.44 the chances of breaking above $0.46 are high and our target is $0.52. Short-term we are bullish as price is forming higher highs and higher lows and a break out is imminent. Short-term stop for bullish positions is at the trend line support at $0.44.



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      Alexandros Yfantis
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