XRP/USD Towards NEW ALL TIME HIGH 7-10$ ( Before Year End)

2021년 8월 31일

Short term Analysis:

Ripple continues to move UPSIDE after breakout psychological 0.85$ and 1$ level. Still, the price action shows us some bullish signals in the short term. Personally, I believe that XRP/USD needs a bullish spark to be able to develop a strong swing higher 1.50$ to 1.80$ Resistance, short term 0.85 support. If this support level holds, Ripple could rise to the next short-term resistance at $2.00 to an all-time high.

Long Term Analysis:

Price very strong bullish but waiting for SEC VS RIPPLE CASE decision, If ripple win case XRP skyrocket towards ALL-TIME HIGH 5$, 7$ And later 10-15$, If Ripple loses case price could crush 0.10 below. Currently, so far the market is positive about Ripple and Ripple win many court Hearings in the past few weeks.

Looking at the Technical Indicators
First Major Support Level: $1.0819

Pivot Level: $1.1153

First Major resistance Level: $1.123

23.6% FIB Retracement Level: $1.60

38.2% FIB Retracement Level: $2.310

62% FIB Retracement Level: $2.900