ðĨ XRP Targeting Bear-Market Resistance After Massive Move Up
āļāļĩāđāļāļąāļāđāļāļ:
In my most recent XRP analysis I talked about XRP and the seemingly great trend it was in. Both bullish targets got hit after a couple of days, congratulations if you took the trade.
XRP's next target is the main bear-market resistance, purple. It's highly likely that XRP will encounter a lot of selling pressure around that area, so be prepared for a potential pull-back.
If BTC will resume its bullish trend, I deem it highly likely that XRP will break out through the bear-market resistance in the near future. For now, the $0.53 - $0.55 area seems like a massive hurdle to get through, so it remains the main target for now.
XRP's next target is the main bear-market resistance, purple. It's highly likely that XRP will encounter a lot of selling pressure around that area, so be prepared for a potential pull-back.
If BTC will resume its bullish trend, I deem it highly likely that XRP will break out through the bear-market resistance in the near future. For now, the $0.53 - $0.55 area seems like a massive hurdle to get through, so it remains the main target for now.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
â
Target area hit!
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