Today, Ripple peaked just a little bit over 17% in the profit. The bounce came: from the round number area at $0.4, from the golden Fibonacci level at 62 percent, from the short-term counter-trendline retest area and obviously the strong BTC movement support this massive move upwards.
It has founded a resistance from the previous support level, the March low level at $0.47 which now works as a resistance.
We could assume that Bitcoin' could consolidate some of the time after the massive push upwards and so as Ripple on this price level but this move upwards was a serious statement for the whole market and for the upcoming week.
We try to keep You updated because currently, there is high volatility and things changing quickly!
If You want to read our Bitcoin' analysis or If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
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Best regards!
It has founded a resistance from the previous support level, the March low level at $0.47 which now works as a resistance.
We could assume that Bitcoin' could consolidate some of the time after the massive push upwards and so as Ripple on this price level but this move upwards was a serious statement for the whole market and for the upcoming week.
We try to keep You updated because currently, there is high volatility and things changing quickly!
If You want to read our Bitcoin' analysis or If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button!
Best regards!
