XRP Update: Waiting Game Between $0.47 and $0.56!
Updated
XRPUSD is neutral int he daily chart and as long as it is trading between $0.4722 and $0.5603, XRP will lack the momentum.
A bullish break-out of $0.56 will lead to $0.6642, a very important levels in different timeframes.
If Bitcoin will decline, XRP has a potential to revisit $0.4722, the daily support zone.
Below $0.4722 zone, XRP is the bearish.
Comment
XRP is pushing up from the critical support at $0.4722 towards the top of the daily range at $0.5603.If XRP breaks above $0.5603, it could ignite a rally towards $0.6642.
However, if it falls below $0.4722, a drop to $0.3684 might occur, increasing bearish pressure.
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