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XRPUSD Technical Analysis
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XRPUSD hourly chart analysis
The H1 chart should be used for short term trading position entry and exit
Price has retraced from the drop to 0.11
Price is has attempted to challenge 0.21+ but there is a clear resistance at 0.22 which should be challenged
We have found a support level around 0.19 which gives excellent longer term entries
XRPUSD four hourly analysis
For several weeks the price channel has been supported
Now we have broken below and found a support and resistance channel as described on the H1 chart
We should look for longer term challenges back to the higher level as the asset increases in value over time
XRPUSD daily analysis
On the daily chart we can see use fib retracement
The 50% retracement was touched and bounced back down
The 23% retracement was supportive
We can expect further challenges to the 50% level
We will confirm the 60+ level once we see strong candles above the 50% level