Rimani 
Condizioni di trading
Strumenti
XRP/USD is trading around $1.30. Short-term trend remains bearish as price is still below key resistance trend line. Since April 18th price is mostly moving sideways. Price has formed a triangle pattern. Traders need to keep a close eye on the triangle boundaries for additional signals.
Red rectangle - horizontal support level
Red lines -Fibonacci retracements
Blue line- lower triangle boundary
Black line - resistance trend line
XRP/USD will soon see volatility increase. Soon we will have either a sell off towards $1-$0.90 or a break upwards and a move at least towards $1.70-$1.80. Price has already retraced 61.8% of the upward move and break out from $0.55. The decline from $1.97 seems corrective. I expect in the medium- to long-term to see at least one more big upward move. Breaking above $1.40 could be the first sign of strength and first step of such a move. If however the triangle breaks to the downside I expect price to reach $1-$0.90 zone for the final low. As long as price is below the black trend line bears remain in control.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
