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22.03.2023 02:55 PM
XRPUSD breaks above January highs.

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Green rectangle- key support

Red line- horizontal resistance

Black line- resistance trend line

XRPUSD is trading above $0.44 while yesterday it was trading as high as $0.49. Short-term trend remains bullish. Price is making higher highs and higher lows. Momentum is bullish. Are bulls strong enough to maintain the bullish trend. Price has now broken above the January highs and staying above this level (red horizontal line) is very important. We could see a back test of this broken resistance level, but bulls need to bounce off of it and stay above it. Short-term overbought conditions have led price to a pull back. Previous resistance is now support at $0.43.

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