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XRP has broken out of the short-term bearish channel and is now challenging once again the major short-term resistance area of $1.06. As long as price is below this level there is still danger of moving lower towards $0.65.
Blue lines- Fibonacci retracements
Red rectangle- resistance
XRP/USD has reversed at the 61.8% Fibonacci retracement and bulls are now trying to break above key short-term resistance depicted by the red rectangle area. Breaking above $1.06 will open the way for a push higher towards $1.20 at first and maybe towards $1.45. Support at $0.78 is key. Breaking below it will open the way for a move towards $0.65.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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