XRP/USD ($0.5 Area Strong Support?)

💎Technical Analysis Summary💎



XRP/USD

-The XRP bulls failed to claim above the $2 mark last April 2021
-After consolidating around $1.5 for a week, the market decided to go down
-The price is back to the average and it is currently trading at the key interest zone
-The $0.5 area is acting as a buying opportunity for long term investors for now
-This region has been respected multiple times as support and resistance since 2018
-If the bulls can flip this area as support, I think a bigger chance to retest the $2 is likely
-For now, we will have to wait at least 1-2 months if a form of the base will be established
-As we all know, everyone is waiting for the big move of Bitcoin
-We will be patiently waiting and be ready when the oppurtunity presents itself
-Good luck and stay safe everyone!



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