XRPUSD 21.12.2021

Technical Analysis
Tuesday, December 21, 2021 - 08:59
Point Trader Group
XRPUSD 21.12.2021

Overview:

The pair is trading in a downtrend

Expected scenario:

The above chart shows that the pair is trading above a strong support level around 0.7500, which enhances chances of ascending to 0.9000

Alternative scenario:

On the other hand, we see that if the 0.7500 level is broken down, it may push the pair down to 0.6500

 

Resistance levels

0.9000

0.9500

1.0000

 

Support levels

0.7575

0.7500

0.6500

  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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