FX.co ★ XRPUSD tests major support area.

XRPUSD is trading around $1,10. As most other cryptocurrencies, XRPUSD is also under selling pressure. Price has broken below the key support trend line that was so far respected. Failure to hold above $1, will result into more selling and a move lower towards $0.80.

Blue line - support trend line

XRPUSD is now again below both the orange resistance trend lines and the blue upward sloping support trend line. If bulls manage to keep price above $1.10, then they will have many chances of pushing higher over the next few sessions. Key resistance is now at $1.18 and next at $1.24. Bulls need to break above $1.18, this will be an important win for bulls. Inability to stay above $1.08-$1, will lead to lower prices towards $0.80.