Let’s see closer what’s happening on the Hourly chart within the Fibonacci tool. Ripple has breached the green ascending trend line and moved lower. XRP/USD is currently above the support area at $0.6515, which coincides with 1 retracement level. The following ways for Ripple are the following:
1. Red scenario (bearish). The currency pair will move towards the closest support area at $0.6515 and cross it targeting the next support area at $0.6216.
2. Orange scenario (neutral). XRP/USD is going to fluctuate within the range, limited by the resistance 0.786 retracement level and the support area at $0.6515.
3. Green scenario (bullish). Ripple will cross 0.786 retracement level and several other retracement level targeting $0.7013 resistance area.
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