Dashboard

Solid News

XRPUSD, Murray Analysis

8/10/2022 3:56 PM

The XRP/USD pair continues to trade within a broad long-term downward channel, but since the middle of last month has attempted growth, rising to the 0.4060 mark.

This week, the price decline resumed. The quotes broke down the middle line of the Bollinger Bands, which gives the prospect of further downward dynamics to the levels of 0.3418 (Murray [4/8]), 0.3296 (Murray [3/8]). The key for the "bulls" is the level of 0.3784 (Murray [7/8]), consolidation above which may cause a resumption of growth to the levels of 0.3906 (Murray [8/8]) and 0.4028 (Murray [+1/8]).

Technical indicators allow the end of the short-term upward trend and the resumption of further decline in quotations: the Bollinger Bands move to horizontal movement, the MACD histogram decreases in the positive zone, and the Stochastic is directed downwards.  

Resistance levels: 0.3784, 0.3906, 0.4028. | Support levels: 0.3418, 0.3296, 0.3174, 0.3052.




Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Mail Us
[email protected]
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com