By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
On Friday, November 22nd, the XRP retains declining, buying and selling on the minimal since September 30th — $zero.2395.
On H4, XRP/USD demonstrates the event of a downtrend after a take a look at of the long-term resistance stage. The intention of the present pattern is the fractal minimal of $zero.2100. We must always particularly notice the dynamics of the MACD which is forming a convergence. In our case, it signifies a slow-down of the pattern and a decline to the goal stage. Talking a couple of pullback, it needs to be signaled by a breakout of the resistance line, which is at present at $zero.2495. The breakout of the resistance line could let the quotations rise to the damaged assist line which has grow to be the mid-term resistance stage. The intention is at $zero.2868.
On H1 of the chart and the Stochastic, there’s a convergence forming, which once more alerts a pullback. In the meantime, its too early to say that the…