SOLIDECN
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![5.png](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2FmJQDhfj%2F5.png&hash=7bd551f8d30360e218b3861472c42503)
XRP USD - Murrey analysis
The XRP USD pair is moving within a wide downward channel but has been consolidating around 0.3200 for the second week already and, unlike other leading cryptocurrencies, has not yet been able to recover significantly.
The long-term downtrend continues, but for further decline, quotes will need to break through the zone of 0.3200–0.2930. After that, the price will open the way to 0.1953 (Murrey [2/8]) and 0.0977 (Murrey [1/8], the lower border of the downwards channel). The key "bullish" level is 0.3906 (Murrey [4/8]), the breakdown of which will give the prospect of prices recovering to 0.4883 (Murrey [5/8]), 0.5859 (Murrey [6/8]).
Technical indicators do not give a single signal: Bollinger bands are directed downwards, the MACD histogram decreases in the negative zone, and Stochastic is directed upwards.
Resistance levels: 0.3906, 0.4883, 0.5859 | Support levels: 0.2930, 0.1953, 0.0977
The long-term downtrend continues, but for further decline, quotes will need to break through the zone of 0.3200–0.2930. After that, the price will open the way to 0.1953 (Murrey [2/8]) and 0.0977 (Murrey [1/8], the lower border of the downwards channel). The key "bullish" level is 0.3906 (Murrey [4/8]), the breakdown of which will give the prospect of prices recovering to 0.4883 (Murrey [5/8]), 0.5859 (Murrey [6/8]).
![xrp.png](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2F1zgb7HY%2Fxrp.png&hash=95836fb1549d0bb1e291faf1098c71f4)
Technical indicators do not give a single signal: Bollinger bands are directed downwards, the MACD histogram decreases in the negative zone, and Stochastic is directed upwards.
Resistance levels: 0.3906, 0.4883, 0.5859 | Support levels: 0.2930, 0.1953, 0.0977