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18.10.202115:41 Forex Analysis & Reviews: XRPUSD bulls need to recapture $1.20-$1.28 in order for price to continue higher.

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XRPUSD is moving lower towards $1. Price is now at $1,08 after previously reaching our target are close to $1.23. The zone of $1.20-$1.28 is full of important resistance as can be seen in the daily chart with resistance trend lines.

Orange lines- resistance trend lines

Blue line- support trend line

XRPUSD so far has been unable to overcome the orange resistance trend lines. Holding above the blue support trend line is also key for the maintenance of the bullish hopes. Breaking below the blue trend line will open the way for a new lower low below $0.85, most probably towards $0.71. As long as bulls hold the $1 price level, they remain safe.

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