empty
 
 
25.05.2022: Forex Analysis & Reviews: XRPUSD remains vulnerable to more downside.

XRPUSD like most cryptocurrencies has been moving mostly sideways over the last few sessions. Price has made no real progress after the May 12th sell off and major low at $0.33. Price has mostly been moving sideways around $0.41 since then and has formed a descending triangle pattern.

analytics628e1875e5287.jpg

Red lines- descending triangle pattern

This is a bearish continuation pattern as bulls are getting weaker and weaker each time they try to push price higher. This is depicted by the lower highs. Price is now approaching the triangle base at $0.38 and if this support is broken down, then we should expect XRPUSD to remain under pressure with potential downward move towards $0.30 and even lower. Resistance is at $0.42 and as long as price is below this level, bulls will be vulnerable to a move lower..

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback