This morning we saw a bullish surge across the cryptocurrency market, with XRP in particular up more than 9%!
XRP finally broke the $.325 Major Pivot that has acted as resistance for quite some time. It then blast into the $.35 resistance region and the 100% fib extension was met with precision. SO what now?
I believe we could easily see a breakout of the current resistance which would lead to the $.385 resistance region rather quickly as there isnt much resistance in between.
However if the bullish momentum slows I believe a retest of $.33 area would be healthy for a potential retest higher.
THIS IS NOT FINANCIAL ADVICE
XRP finally broke the $.325 Major Pivot that has acted as resistance for quite some time. It then blast into the $.35 resistance region and the 100% fib extension was met with precision. SO what now?
I believe we could easily see a breakout of the current resistance which would lead to the $.385 resistance region rather quickly as there isnt much resistance in between.
However if the bullish momentum slows I believe a retest of $.33 area would be healthy for a potential retest higher.
THIS IS NOT FINANCIAL ADVICE