Hello traders,
XRP is currently struggling to break the .46 level which is confluences with the weekly counter-trend-line.
Looking at the past few days and weeks on XRP, you can tell that is somehow mimicking the moves of Bitcoin, as covered on the prior BTC article we are now inbound of ALT FOMO.
Now that BTC is all over the news by breaking 10,000, all the average investors and new comers with that get rich quick mindset would jump inboard.
A break of 0.46 level on XRP/USD would sent the prices to around 51-53 cents which i think is to be the first level where we can see some kind of resistance. If that breaks then the next level would be 58-60 cents.
XRP is currently struggling to break the .46 level which is confluences with the weekly counter-trend-line.
Looking at the past few days and weeks on XRP, you can tell that is somehow mimicking the moves of Bitcoin, as covered on the prior BTC article we are now inbound of ALT FOMO.
Now that BTC is all over the news by breaking 10,000, all the average investors and new comers with that get rich quick mindset would jump inboard.
A break of 0.46 level on XRP/USD would sent the prices to around 51-53 cents which i think is to be the first level where we can see some kind of resistance. If that breaks then the next level would be 58-60 cents.
