Cryptolean Ripple XRP Update
Updated
After finding a resistance at $0.73, XRP is confirming $0.65-$0.675 zone as a support, which is highly positive
I expect this support zone to hold.
XRP is gearing up for a bullish rally to the previous local high at $0.93 and, possibly, higher.
A daily candle closure above $0.73 will result in a move towards $0.79 and higher.
An inability to sustain the price action above $0.65-$0.675 support zone will lead to a decline to $0.59.
Intraday Chart
In the 4-Hour chart of XRPUSDT, the Ripple coin has already tested the resistance of $0.746 and now is heaving a pullback trying to confirm the key intraday zone of $0.691-$0.715 as a support.
A bullish break-out of $0.71 will push Ripple XRP to the next intraday resistance target of $0.772 and higher.
A inability to sustain the price action above $0.69 will result in another bearish dip to $0.657 or, lower, to $0.628 that could lead to a bullish rejection towards $0.69-$0.72 and higher.
XRP is bullish in the daily and intraday charts and I expect to see a continuation of a bullish move soon.
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I expect this support zone to hold.
XRP is gearing up for a bullish rally to the previous local high at $0.93 and, possibly, higher.
A daily candle closure above $0.73 will result in a move towards $0.79 and higher.
An inability to sustain the price action above $0.65-$0.675 support zone will lead to a decline to $0.59.
Intraday Chart
In the 4-Hour chart of XRPUSDT, the Ripple coin has already tested the resistance of $0.746 and now is heaving a pullback trying to confirm the key intraday zone of $0.691-$0.715 as a support.
A bullish break-out of $0.71 will push Ripple XRP to the next intraday resistance target of $0.772 and higher.
A inability to sustain the price action above $0.69 will result in another bearish dip to $0.657 or, lower, to $0.628 that could lead to a bullish rejection towards $0.69-$0.72 and higher.
XRP is bullish in the daily and intraday charts and I expect to see a continuation of a bullish move soon.
Like once read.
Thank you!
Note
After finding a resistance at $0.73, XRP could not sustain the price action above $0.65-$0.675 zone and, following bearishness in #Bitcoin, is declining towards $0.593, the key daily support. An inability to sustain the price action above $0.593 will lead to a decline to $0.543 and we will see a considerable slow down in the price momentum.
A bullish rejection of $0.593 will result in a re-test of $0.65-$0.675 zone.
However, to become bullish, XRP has to move to above $0.73.
Intraday Chart
In the 4-Hour chart of XRPUSDT, the Ripple coin is teasing the top of the intraday range zone between $0.575 and $0.628.
A bullish rejection of $0.628 could push Ripple XRP price for a re-test of $0.691-$0.715.
A inability to sustain the price action above $0.628 will result in another bearish dip towards $0.575, the next key intraday support.
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