XRPUSD-Market-Status-Update-Analysis

Hello Traders Investors And Community, welcome to this update-analysis where we are looking at XRPUSDs 12-hour timeframe perspective, the recent events, and what we can expect.

In previous analysis, I mentioned already the importance of this heavy 400-EMA resistance and the overall resistance-cluster lying there which XRPUSD exactly testing right now therefore I detected some other meaningful signals contributing to XRPUSDs further outcomes.

As XRPUSD approaches a third time the major 400-EMA resistance which you can watch marked with the three levels and the orange EMA this is an important resistance where XRPUSD showed reversals to the downside several times in the past, furthermore the resistance at 0.21 marked in red I supporting this breakdown scenario, therefore, there is a high possibility given that XRPUSD shows bearish pressure to the downside before backing up where the best place for this is in the back-up-zone you can watch marked in my chart with the blue box, when XRPUSD does not hold this level the further zone at 0.18 marked in my chart is an important zone to hold and back-up when this does not happen and XRPUSD falls below the important support more decline will enter the environment but this possibility is at the moment not the biggest.

In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Prospect is the ingredient of good fortune.

Information provided is only educational and should not be used to take action in the markets.