XRPUSD is currently sitting on a significant level of support after failing to close above resistance.
Scenario 1: Since we are currently sitting on a support level and it is respecting the trend line we could see a possible break above our current resistance and onto our next levels at $1.10-$1.15, keep in mind, we MUST see a daily close above support AND resistance for this to happen.
Scenario 2: Price is currently making lower highs as seen on the chart, giving us a hint of a possible retracement to the down side, possibly to our next level of support before taking off. in order for this to happen we MUST wait for a daily close below our support.
Overall i'm very bullish on XRP so lets hope we can get a pullback to buy more cheap, if not, it's still a win win.
Scenario 1: Since we are currently sitting on a support level and it is respecting the trend line we could see a possible break above our current resistance and onto our next levels at $1.10-$1.15, keep in mind, we MUST see a daily close above support AND resistance for this to happen.
Scenario 2: Price is currently making lower highs as seen on the chart, giving us a hint of a possible retracement to the down side, possibly to our next level of support before taking off. in order for this to happen we MUST wait for a daily close below our support.
Overall i'm very bullish on XRP so lets hope we can get a pullback to buy more cheap, if not, it's still a win win.