XRPUSD Wedge Watch

Ripple is on the rise on Monday as Bitcoin and other top cryptocurrencies start to look more bullish after a mixed weekend. The XRPUSD pair continues to hold above a falling wedge pattern on the daily time frame and could start to test towards the 0.8000 level. Traders should know that the bearish trend in the XRPUSD will end if the price moves above the pair's 200-day moving average, around the 0.7300 area.

The XRPUSD pair is only bullish while trading above the 0.6500 level, key resistance is found at the 0.7000 and the 0.8000 levels. If the XRPUSD pair trades below the 0.6500 level, sellers may test the 0.6000 and 0.5500 levels.




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