Kai-FX

Continuation of the bullish momentum on XRP ?

Long
We witnessed a bullish move on XRP last week a day after i published my last post where i predicted price would rocket from the 0.4250 region to the next major resistance level, to which it did indeed rocket up to 0.5100, just shy of the resistance level at around 0.5200. I also mentioned in the previous post that we could see price retest the trendline first before making its move up, however this wasn't the case for the first move. We have now seen price retrace back down to 0.3900, which also matches up with what could be the 2nd trendline retest. I think we could see the move up from here to 0.5200 and even potentially the next resistance level of 0.5700
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.