With XRP trading @ 0.20$, we stated that there was maximum upward potential to 0.22$ and we had only made highs of 0.207$.
Now, we will conduct another breakdown of XRP to re-assess the situation with ETH currently trading at 0.1943$:
- On the daily, we can see that we are at a support point, with BTC sure to test highs of 9,000-8,900$. This will lead to XRP making highs of 0.20$ or sightly higher.
- On the 4 hourly, we can see XRP is bullish momentarily to the 0.20$ level before bearish price action to the 0.175$ level. IF this level is broken, then we will head to the 0.16$ price level and final straws of support lay at 0.15$ or else a collapse to the 0.12$ level is inbound.
- On the hourly, again we can see EMA at just under the 0.20$ level and it would be expected that we ascend to this price level before descending to lows in line with the rest of the market and following BTC footsteps.
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