empty
 
 
21.03.2023 04:43 PM
Bullish break out in XRPUSD

This image is no longer relevant

Green rectangle- support area

Black line- resistance trend line

XRPUSD is trading around $0.42. Price has now broken above the multi week downward sloping trend line resistance. Price has been respecting the key support at $0.30 for the past 9 months. Every bounce off the key horizontal support formed a lower high, confirming the importance of the trend line resistance. Today we have an impressive break out. XRPUSD is now challenging the January 2023 highs. The bullish momentum we are currently in suggests that we could soon break above these highs. Price has formed a higher low around $0.35 and a break above $0.4310 would be an added bullish signal. XRPUSD could be in the process of a major trend reversal.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 June 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback