Blitz_analysis

XRP/USDT 1 day analysis

BINANCE:XRPUSDT   XRP / TetherUS
XRP finally moves out of the channel with a significant uprise that is still continuing. Now it is within the resistance zone as it had been tested as a supporting level several times in the latest year.
For one thing, the soared price surely gives us confidence that an inversion of the downtrend had taken place. The bulls are looking for a further push to consolidation above the resistance zone. For another, if they failed to do it in a way, then the price is likely to retreat to $0,42, preparing for the next conquering.

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