20.04.202222:39 Forex Analysis & Reviews: XRPUSD continues to trade sideways since February.

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XRPUSD is trading around $0.74 today, near the middle of the trading range it has been in for the last two and a half months. Price has made no real progress and that is why traders should be cautious.

Black lines - trading range

XRPUSD is trapped inside the trading range as shown in the Daily chart above. Support is at $0.68 and resistance at $0.91. Until any of these levels breaks, traders need to be very cautious. Keep in mind also the long-term triangle pattern. This increases the importance of the $0.91 resistance.

Alexandros Yfantis
Analytical expert of InstaForex
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