Let’s have a closer look at the Hourly chart. Ripple followed the other allied currencies and managed to establish new local highs. We have drawn this local red ascending trend line, which is under bombardment in the moment of writing as XRP/USD is trying to breach it. The possible ways for the currency pair are the following:
1. Red scenario (bearish). Ripple will break through the ascending trend line and the closest support area at $0.6515 and develop its downside progress targeting $0.6216 support area, which coincides with 1 retracement level.
2. Orange scenario (neutral). The currency pair will move towards 0.618 retracement level and then decline to the current support area at $0.6515.
3. Green scenario (bullish). XRP/USD will cross all Fibonacci retracement level and reach $0.7013 resistance area at least.
Check the full crypto analysis HERE>>>.
All trading ideas every day on CryptoComes: u.today/pricewise
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!