Yesterday the XRP coin found its support in the $0.22-$0.23 area where the the mid-term uptrend line (started on December 18 when we bottomed at $0.172) was meeting the horizontal support. This zone is quite intensive when it comes to trading activity and bulls took advantage of it.
The XRP/USD pair moved up to $0.238 and even peaked at $0.248 during intraday session or right above the Fibb 61.80 line.
The last day of the workweek started with an identical candle on the daily chart, but in the opposite direction. The "ripple" was once again testing the already-mentioned support.
From now, the direction of trading very much depends on the overall state of the crypto market and 24-h volumes (which btw dropped from $3 billion on Wednesday to $2.5 billion today for XRP).
We need to avoid a drop below $0.23 and aim for retaking positions above $0.25 and then $0.265.
The XRP/USD pair moved up to $0.238 and even peaked at $0.248 during intraday session or right above the Fibb 61.80 line.
The last day of the workweek started with an identical candle on the daily chart, but in the opposite direction. The "ripple" was once again testing the already-mentioned support.
From now, the direction of trading very much depends on the overall state of the crypto market and 24-h volumes (which btw dropped from $3 billion on Wednesday to $2.5 billion today for XRP).
We need to avoid a drop below $0.23 and aim for retaking positions above $0.25 and then $0.265.