XRPUSDT → The retest is 0.5-0.618 Fibo. Strong support ahead

2 thg 5, 2023

XRPUSDT tested the resistance of the uptrend several weeks ago against the background of a strong altcoin rally, after which the price moved into the correction phase, which continues to this day.

The pair is testing the rising support line of April 21 and after the pullback it is back to the retest of the strong liquidity zone at 0.460-0.465. If the bulls are able to hold positions and the support area, then the rise in price will resume.
MA-200 acts as support and MA-50 acts as resistance.
Globally, we see the formation of an uptrend. Within the range, the price is trading between its boundaries and is now heading towards strong support, which could determine further movement.

Strong support: 0.460-0.465 (false breakdown strategy), rising support line, level 074381
Strong resistance: 0.4661, 0.4835 and the rising resistance line.
I think the correction may end at 0.5-0.618 Fibo support. In any case XRP reacts to the market capitalization and bitcoin movement, as soon as there will be a buyer or positive market trend, in that case the coin will show us everything.

Regards R. Linda!

4 thg 5, 2023

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