XRP/USD Looks Better than Others. Any Chances to Recover?

Ripple is one of the few currencies that is currently above the red descending midterm trend line. XRP/USD had a correction started on Wednesday, but it was not a deep one as the currency pair still has negative moods. Midterm tendency is still downside.
Let’s have a closer look at what is happening within the Fibonacci retracement graphic tool. The price has reached the closest resistance area at $0.6216 in the past few hours and seems to jump off it as buyers are still unable to break it through. The next possible target for XRP/USD is the closest support area at $0.5914.
The possible scenarios for XRP/USD are the following:
1. Red scenario (bearish). The currency pair will fall down to the closest support area at $0.5914 and break through this level aiming the next 2.618 retracement level.
2. Orange scenario (neutral). XRP/USD will follow the red scenario first, but then will jump off the closest support area at $0.5914 and move towards the closest resistance area at $0.6216, which coincides with 1.618 retracement area. Ripple will jump off those lines targeting the support area at $0.5914.
3. Green scenario (bullish correction). The price will follow red and orange scenarios first but will break through 1.618 retracement level, which coincides with $0.6216 targeting 1 retracement level coinciding with $0.6515 resistance area.

Check the full crypto analysis HERE.