Around a week ago I made this analysis on XRP where I discussed the areas to watch for the weeks ahead:
As discussed in the analysis, we saw a minor retrace towards the yellow minor support area. This area has been confirmed as support, which had led to the huge pump we're seeing today. Obviously, current price action is mainly because of the great performance of ETH and BTC.
The target for the coming couple of days will be the green resistance area, ranging from 0.93 to 0.9. Be aware that the 0.77 could be tested as support before that happens.
Happy trading!
As discussed in the analysis, we saw a minor retrace towards the yellow minor support area. This area has been confirmed as support, which had led to the huge pump we're seeing today. Obviously, current price action is mainly because of the great performance of ETH and BTC.
The target for the coming couple of days will be the green resistance area, ranging from 0.93 to 0.9. Be aware that the 0.77 could be tested as support before that happens.
Happy trading!
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