Ripple (XRPUSD) still accumulating in an upward movement
The XRPUSD pair successfully moved above $0.215 as discussed yesterday morning and continued to rise towards our next target, which was $0.23 (the upper part of the "balloon" on the chart).
$0.23 was reached earlier today after a stormy session and as the total market capitalization of the crypto world peaked at $239 billion - more than $20 billion up since Monday afternoon.
The door now looks open for $0.30, but I would like to see a proper consolidation in the $0.23 - $0.25 zone and a stable increase above these two lines:
$0.23 was reached earlier today after a stormy session and as the total market capitalization of the crypto world peaked at $239 billion - more than $20 billion up since Monday afternoon.
The door now looks open for $0.30, but I would like to see a proper consolidation in the $0.23 - $0.25 zone and a stable increase above these two lines:
- XRP is 12 percent up today.
- Next levels to monitor upwards are $0.23 and $0.25 prior to $0.30, which also acts as a psychological support/resistance line
- Bulls definitely need to avoid drop below $0.215
- Generally speaking the momentum starts build now as more and more people start to join the game again.