XRP/USD finds resistance once again above $0.57.

XRP/USD is trading just below $0.57 right now having reached up to $0.5848 today. Price continues making higher highs and higher lows but today we see that bulls are unable once again to recapture $0.60.

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Blue lines - support trend lines

Yellow rectangle - resistance area

XRP/USD has reached the $0.58-$0.60 resistance area for the 4th time over the last nine sessions. Four candles have long upper tails implying and confirming that resistance at $0.58-$0.60 is very important. A rejection here could bring price back to the first upward sloping blue trend line and the $0.47-$0.49 area. A break above $0.60 will open the way for a test of the most important resistance level of $0.70-$0.80.



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Alexandros Yfantis
Analytical expert
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