empty
 
 
30.05.2023 03:01 PM
XRPUSD breaks out of bearish channel

This image is no longer relevant
XRPUSD is trading around $0.4979. Sort-term trend is changing to bullish as price is breaking out of the bearish channel it was and is starting making higher highs and higher lows. Price has formed an important low at $0.4080. Last Friday XRPUSD broke above the upper channel boundary and 4 sessions later price continues making higher highs. Next resistance is at $0.5450. However a weekly close above $0.52 would be equally important to breaking above $0.5450. Support is at $0.44. Bulls do not want to see price break below this level. Upside potential for XRPUSD can reach $0.80 if price breaks above $0.56.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback