Hello, Traders! Monfex is at your service and today we overview XRP/USD.
The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone. MA100 && MA200 support the bulls.
But if bears will take the price under a previous peak and fix it under the last support line, then we should expect a further decline movement to ~ $0.2501 .
The resistance zone ~ $0.31-0.32
The local resistance zone ~ $0.304
The local support zone ~ $0.283
Supposed Trade Signal by XRP/USD
Buy near $0.28
Take profit ~ $0.375
Stop loss at $0.27190
Market Cap $12 630 398 456 USD
Volume (24h) [b$2 597 021 191 USD
Circulating Supply 43 248 091 671 XRP
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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