Market analysis from easyMarkets
XRPUSD is currently trading between two tentative trendlines, a short-term upside one, taken from the low of January 6th, and a medium-term downside one, drawn from the high of October 9th. In order to consider the next short-term directional move, a break through one of the trendlines is required. However, more buyers may join in if the crypto climbs above all of...
In order to get comfortable with further advances, a break above the 1715 territory is required. If the crypto continues to trade above that barrier after the break, there could be more buyers joining in, potentially dragging ETHUSD towards the highest points of September and August 2022. Alternatively, a drop below the short-term upside line, drawn from the low...
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