BITFINEX:XRPUSD The first dynamic resistance has been overcome. Now we are getting ready for the second resistance, still dynamic, in which we will know if it will be overpassed, or retested.
In this case the short-term trend has reversed its direction from bearish to bullish, as Dow's theory teaches us. Let's see if it will be able to reverse the medium-term trend as well.
The study of the price action through the technical analysis always helps us to understand in advance potential new trends, connected to the news of fundamental analysis.