XRP/USD +8% on Wednesday! What's Next???

Ripple has added more than eight percent in the past 24 hours meaning the crypto is in a deeper correction currently. XRP/USD has successfully tested another local descending trend line and fluctuates above in the moment of writing.
Let’s see what is going on the Hourly chart within the Fibonacci retracement indicator. The price has crossed $0.5914 resistance area and even tested it from the above. Bulls were able to hold their lines and to move XRP/USD even higher towards $0.6216, which coincides with 1.618 retracement level. That we see now is the attempt to test this level again. Let’s look through the possible ways for XRP/USD:
1. Red scenario (bearish). XRP/USD will move towards $0.5914 and cross this area targeting 2.618 retracement level. Red scenario is also possible via Orange one (meaning XRP/USD will reach $0.6216 again, jump off it and then fall below $0.5914).
2. Orange scenario (neutral). Ripple will retest $0.6216 resistance area and reverse downwards targeting $0.5914 support area.
3. Green scenario (bullish correction). XRP/USD will break through $0.6216 resistance area targeting $0.6515 resistance area, which coincides with 1 retracement level.

Check the full crypto analysis HERE>>>.