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XRP/USD ($0.5 Area Strong Support?) for BITSTAMP:XRPUSD by PolarHusk

💎Technical Analysis Summary💎

XRP/USD

-The XRP bulls failed to claim above the $2 mark last April 2021

-After consolidating around $1.5 for a week, the market decided to go down

-The price is back to the average and it is currently trading at the key interest zone

-The $0.5 area is acting as a buying opportunity for long term investors for now

-This region has been respected multiple times as support and resistance since 2018

-If the bulls can flip this area as support, I think a bigger chance to retest the $2 is likely

-For now, we will have to wait at least 1-2 months if a form of the base will be established

-As we all know, everyone is waiting for the big move of Bitcoin

-We will be patiently waiting and be ready when the oppurtunity presents itself

-Good luck and stay safe everyone!

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