With the SEC case going in the right direction and millions being invested into XRP products. This shows a good sign of possible increase in price.
The chart also shows good retraction and i believe we will see another bull run to the 1.50 point soon.
looking at the significant high resistance being 0.93 and low support being 0.83 you can track the pair within this range since the end of 2016. taking this into account the pair has been on a downtrend since January and had recently had a break. it appears to have come to the end of this break to continue the downtrend hopefully to the 0.83 price.
an area of...
The Pair has been on a Downtrend since the end of May last year and has been ranging for the last month. With more Canadian and American Fundamentals tomorrow and strong support around the 1.25 level. I believe the price may gain momentum to the 1.27 area which is around the 61.8% Fib retraction. As long as we have good momentum it should break the almost year...
The price has been stalled around the 1.2030 resistance and showing signs of bullish fatigue.
With this also lining up with the December downtrend and 61.8% fib retraction.
Shows good signs of this being the end of phase 2 and a possible reversal
Nothing fancy with this analysis. Since the high in Feb the pair has pulled back and showing multiple points of Range confirmation.
With the pair coming back to the 1.40 resistance it is very likely to go back to the lower support of 1.3680.
Due to fundamentals use caution when looking for an entry point. It may shoot above this resistance for a short time.
