XRP SEP, 20 2021

Technical Analysis
Monday, September 20, 2021 - 13:45
Point Trader Group
XRP SEP, 20 2021

Overview: 

The pair is trading in a short-term bullish trend

Expected scenario:

The above chart shows that the pair is trading below a strong resistance level around 1.0946, which enhances the chances of descending during today's trading to 1.0400 and then to 1.0200.

Alternative scenario:

On the other hand, we see that if 1.0946 is broken upwards, it may push this pair up to 1.1250


 

Resistance

1.0946

1.1000

1.1250

Support

1.0400

1.0200

1.0000

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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