XRP/USD is trading once again near $0.60. Price briefly moved above $0.60 today and is now trading just below it. Short-term trend remains supported as any pull back has been met by strong buyers and price is starting to make higher highs and higher lows.

analytics606756249da72.jpg

Yellow rectangle- resistance

Blue lines- support trend lines

XRP/USD is breaking above key short-term resistance levels that has been testing for the last 11 sessions. Recapturing $0.60 and staying above it is crucial if price is to move towards the major resistance area of $0.70-$0.80. As long as price is below this resistance level is still vulnerable to another move towards $0.40-$0.30. For now there is no sign that such a pull back is coming. For now price is slowly and steadily moving higher. Short-term support is at $0.54. Bulls do not want to see this level broken as this will imply more selling is coming most probably to push price towards the first blue trend line support at $0.47.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.