30.08.202116:16 Forex Analysis & Reviews: Short-term technical analysis on XRP/USD for August 30, 2021.

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XRPUSD remains vulnerable to the downside. Price is in a corrective phase retracing the rise from $0.50 to $1.34. XRPUSD has potential to move lower below $1 specially if price breaks recent low of $1.04. If this recent low fails to hold, I expect XRPUSD to move towards $0.80-$0.90 area.

Red rectangle- support

Green - rectangle -resistance

If on the other hand price breaks above the green resistance area around $1.20-$1.22, then we should expect price to continue higher towards $1.35-$1.40. Overall price is making lower lows and lower highs after topping at $1.34. Bulls need to show more signs of strength in order for bulls to retake control of the trend.

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