19.01.2022 10:01 PMXRP is trading just above $0.70. Short-term trend is bearish as price is making lower lows and lower highs since before Christmas when price bounced towards $1.01. On a weekly basis we can say that price is trapped inside a triangle pattern.
Green lines- support trend lines
XRPUSD has made no real progress after making the $1.96 high back in April of 2021. Price has made a strong pull back towards $0.50 and bounced strongly towards $1.41 to form a lower high. Price then made another pull back towards $0.60 and formed a higher low. Now we are testing the trend line support area around $0.65. This is key support for the long-term view of XRPUSD.
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*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
