FX.co ★ XRPUSD continues to respect support.

XRPUSD is now trading around $1.07. Earlier today price was under pressure as the important horizontal support at $1-$0.98 area was successfully tested and respected. Bulls have managed to defend the support area and are now pushing price higher.

Today's price action confirms the importance of the blue horizontal support zone. Breaking below it will provide us with an important bearish signal. We will not be bullish below the blue horizontal support area. Resistance is at $1.09. Breaking above this level and staying above it, will open the way for a move towards $1.23. Bulls have the upper hand as long as price is above $1.