FenzoFx—XRP (Ripple) is up 3.0% today, trading at $2.464 above the 8-period SMA. Rising volume suggests accumulation. If the price holds above $2.318, XRP/USD may target $2.6480. Continued buying pressure could invalidate the downtrend and open the path to the next liquidity zone at $2.956.
However, if the price drops below $2.3180, the bullish scenario is invalidated and accumulation may extend toward the $2.000 psychological level. Traders should monitor support levels closely as momentum builds.
However, if the price drops below $2.3180, the bullish scenario is invalidated and accumulation may extend toward the $2.000 psychological level. Traders should monitor support levels closely as momentum builds.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.