Technical Analysis for XRPUSD for 1st September 2022
Ripple Edging Lower, XRP Upsides Capped at $0.35
Past Performance of Bitcoin
According to the candlestick arrangement in the daily chart, Ripple prices are trickling lower at spot rates. Even though fundamental factors may align to prop buyers, technical charts point to strong and determined sellers. The immediate reaction points remain at $0.35 and $0.30, and XRP prices are within a bear continuation.
Bitcoin Technical Analysis
What to Expect from BTC
The primary trend is bearish, and traders can initiate shorts on every pullback in lower time frames. As long as XRP prices are below $0.35 and defined by the August 26 bear candlestick, sellers will have the upper hand.
Resistance level to watch: $0.35
Support level to watch: $0.30
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