XRPUSD; Outside Bollinger Bands, close above 0.6500 needed today
Market has retraced all gains since bulls provided the latest leg up at the first half of April. Note that market is testing the last bigger Fibonacci currently (61.8%) around 0.6500.
Bulls should make an effort to keep the close (00:00 CET) above this level today. With the entire session today outside the Bollinger Bands, market should correct this which can help to achieve this.
So, expect a try to stabilize for now. Value below 0.6200 could see 0.5700 however, keep this in mind, next support. Should market reverse, a move to the Bollinger Bands midline (around 0.8200) currently is what to expect. 0.7500 is first resistance.
Bulls should make an effort to keep the close (00:00 CET) above this level today. With the entire session today outside the Bollinger Bands, market should correct this which can help to achieve this.
So, expect a try to stabilize for now. Value below 0.6200 could see 0.5700 however, keep this in mind, next support. Should market reverse, a move to the Bollinger Bands midline (around 0.8200) currently is what to expect. 0.7500 is first resistance.
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