Second failure to break above $1.06 for XRP/USD

XRP/USD made another attempt to day to break above the key short-term resistance of $1.06. Price has made a high today at $1.075 but bulls so far are unable to stay above the resistance. Bulls need to recapture $1.06 in order to continue higher towards $1.20.

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Red rectangle - resistance

XRP/USD is showing rejection signs at the red rectangle resistance area. A rejection here will open the way for a move lower towards at least $0.90. A daily close above $1.06 will be an important bullish sign that will give us $1.20 and $1.45 as the next upside targets. Support is at $0.97 in the near term, breaking below it will push price towards $0.90.





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Alexandros Yfantis
Analytical expert
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