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TECH Buy 28.07.2021 11:20

XRP/USD: technical analysis

This week, XRP/USD continued to rise in line with the general market trend. The price has broken above the center line of Bollinger Bands and is testing 0.6835 (Murray [3/8]), consolidation above which will give the prospect of further growth to 0.7812 (Murray [4/8], Fibonacci retracement 23.6%), 0.8789 (Murray [5/8]) and 0.9765 (Murray [6/8]). The key level for the "bears" is seen at 0.5859 (Murray [2/8]), in case of a breakdown of which, the decline can resume to 0.5100 (June lows) and 0.3906 (Murray [0/8]).