FX.co ★ XRPUSD continues to drift sideways.

XRPUSD is trading around $0.70 for some time now. Price over the coming few weeks has made no real progress. Price is still trapped inside that long-term triangle pattern. The triangle is tightening but there is still a lot of room to cover.

Green line - support

XRPUSD continues to respect the major support at $0.50 Resistance remains key at $1. As long as price is below $1, we remain neutral. Failure to hold above $0.50 will put heavy pressure on the stock price. As price is forming higher lows, the chances for a move towards the $1 resistance will increase.