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XRPUSD 30.11.2021
Overview:
The pair is trading in a downtrend
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 1.0770, which enhances the chances of a drop to 0.8455.
Alternative scenario:
On the other hand, we see that if the 1.1200 level is broken upwards, it may push this pair to rise to 1.2530
Resistance levels
1.0770
1.1200
1.1350
Support levels
0.9000
0.8455
0.8000
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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