sashanclrp

XRP FACING A CRUCIAL MOMENT, PLAYING FOLLOW THE LEADER AKA BTC

Long
So, as USDT news come by and ASIAN markets are about to start, last night BTC rally was not supported with enough volume to reach a decent area of uptrend and bulls are trying to defend the 11700 area. This said, XRP right now is facing a known resistance at 0.5 FIB. If, XRP is meant to break the 1.30 level with enough volume, similar thing has to happen in BTC, breaking the 12200 Resistance and remain above it close to 13000. But if BTC bulls fails to defend de 11700 area, we will see some damages on XRP too, going close to 0.618 FIB and quite possibly breaking it.
Any way, I expect ASIAN markets realize January bear season is over and put some good money to the volume of both XRP and BTC!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.