Ripple has reached the targets we have set on Monday. The currency pair added almost eight percent in the past 24 hours and looks very strong. Buyers have taken control over the market and drive XRP/USD higher targeting July’s highs.
Let’s have a closer look at the currency pair and current situation. XRP/USD has passed two resistance areas at $0.4495 and $0.4744 already. Ripple is trading above the last one in the moment of writing. However, we think that XRP/USD looks very promising and is able to reach new tops. The main scenario for Tuesday-Wednesday is growth towards the next resistance at $0.5088. We think that this target will be reached in the nearest future. There are no patterns currently, but XRP/USD looks very promising currently. As for the alternative one, Ripple may decline towards the support area at $0.4495. However, sellers will have to jump over the closest support at $0.4744 in this case.