CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76.09% of retail investor accounts lose money when trading CFDs with this provider.

XRPUSD | Daily Update: Navigating Support and Resistance Levels | Crypt

Published: 12.02.2024
by Joseph Jeffriess

Hi traders, it’s great to have you with us for today’s update. Our lens is fixed on XRPUSD, scrutinizing its behaviour on the daily chart for potential trading strategies.

Today’s focus: XRPUSD

Pattern – Descending
Support – .4960
Resistance – .5337

We have reviewed levels and possible price patterns, focusing on current support and resistance levels. Will we see buyers push forward from the current mini breakout, or is this a bear trap that will break lower once Bitcoin prop-up fades?

Good trading.


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