This is an update from my Sept 17 post when XRP starts momentum with a 5% rise. Since then, XRP broke
out of a wedge after continuously holding 0.33 buy zone & the pandemic trendline & overshot the 0.50 psychological level. Holding 0.50 for the next few weeks will give XRP a chance to breakout of the downchannel & target 0.60, 0,75 or even 0.90.
BEARISH CASE: failing 0.33 & the pandemic trendline may see another 30% drop to 0.22 although very unlikely after such show of recent strength.
Not trading advice
out of a wedge after continuously holding 0.33 buy zone & the pandemic trendline & overshot the 0.50 psychological level. Holding 0.50 for the next few weeks will give XRP a chance to breakout of the downchannel & target 0.60, 0,75 or even 0.90.
BEARISH CASE: failing 0.33 & the pandemic trendline may see another 30% drop to 0.22 although very unlikely after such show of recent strength.
Not trading advice