With the daily and weekly chart continue to look bullish XRP bag holders are still left with uncertainty after yesterday court hearing as the judge will have a response within a few days!
Technical we can see a lot of buying momentum after price retraced down to $1! And recently found itself around $1.6 pre court call.
For next week, I'm expecting more buying momentum from XRP! With price continue to breakout key resistance area, I'm expecting a few days of test $1.63 area which I have identified of a correlation with P Resistance and 0.236% of the Fib Level.
A Candle Close above that respected level, could see XRP retesting the $2 Area.
A up to date look of XRP/USD. with a lot of news speculated for this upcoming week, Ripple seems to be In a interesting area on the upwards trend fib extension. Sitting at 0.32% price has seem to bounce from that area and is now testing a form of trending resistance formed for the LH which was created from the last recent daily close. if price could break the resistance level on the daily time it will only be a matter of time until we are facing $1.77,$1.9 its previous high and eventually $2.20.
AlkalineFX
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would be lovely if it did!
Lay-Z
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@AlkalineFX, Agreed! we will be looking back at this comment next year when its $10+ plus, saying wow it was so cheap here lol.