XRPUSD Soars to the Moon
By
Azeez Mustapha
PUBLISHED:
Oct 07 2022 @ 20:23
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More info about Azeez Mustapha
XRPUSD soars to the moon with dazzling bullish strength. The month of April initiated the bearishness on XRP. New lows were formed consistently till the market reached the demand level at $0.320. The month of July changed the narrative of the market. The previous high, formed on the 8th of July, was swept, leading to a change in market direction from bearish to bullish.
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Support levels: $0.570, $0.450, $0.320
Resistance levels: $0.650, $0.510, $0.400
The Reading of the Indicators
The Moving Average period of eighty-nine was quicker to signal the formation of the new bullish trend. The Moving Average period of two hundred eventually followed. The whales in the market are aggressively buying XRP. A prominent breakout from a symmetrical triangle has occurred on the daily chart. A retracement into a fair value gap is expected to launch the price of XRP. The market is expected to shoot up to $0.570.Learn from market wizards: Books to take your trading to the next level.
Learn from market wizards: Books to take your trading to the next level
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