XRPUSD
Analysis

FenzoFx—XRP (Ripple) trades in a bear market. As of this writing, the cryptocurrency trades at approximately $2.1200.

Yesterday, the daily candle closed bearish and swept the liquidity below the $2.0200 support, which can result in consolidation toward higher prices or consolidation today.

As for the technical indicators, the market is in oversold condition, with the momentum signaling bullish divergence. Therefore, we expect the price to visit higher resistance levels before the downtrend resumes.

In this scenario, XRP could rise toward $2.2230, and then pull back toward $1.9220, followed by major sell-side liquidity at $1.7710.

The widget below calculates XRP/USD market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.

The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.