09.05.202217:47 Forex Analysis & Reviews: XRPUSD at major support.

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XRPUSD is trading just above $0.50 where we find the long-tern support trend line. We warned traders a few weeks ago when price was giving us a reversal signal. Trend remains neutral in the long-term as price continues to trade inside the triangle pattern.

Green line- horizontal support

Red line- resistance

Purple lines - expected path

XRPUSD is testing the major support of $0.50. Last time price was at current levels, it produced a bullish signal and price rose towards $0.91. Will we see another bounce higher from current levels? XRPUSD has the potential to rise towards the red resistance trend line at $0.80 as long as price is above the green line.

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