XRPUSD, Most Volatile, Testing Previous Established Zones!

Hi,

Welcome to this analysis about XRPUSD, we are looking at the daily timeframe perspective. XRPUSD in the recent weeks, days, and hours is a one really volatile currency in the market as it moved heavily bullishly to the upside through several resistances and after that declined strongly again almost at the same pace as it moved upward. Now XRPUSD is about to test this main ascending-trend-line established by past price-action and with the 65-EMA supporting it also, it is a zone from where XRPUSD can back-up and moves on to further bullish stabilization above the resistance above which XRPUSD needs to close, in this case however it is of utmost importance that XRPUSD does not move below these supports because this will lead to further bearish pressure.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.