FutureBlockchain
Long

Ripple (XRPUSD) still accumulating in an upward movement

BITSTAMP:XRPUSD   XRP / U.S. Dollar
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:

  • 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.
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