- The breakout at $0.32221 placed Ripple in a formidable uptrend.
- Ripple is poised for more upside correction as long it stays above the positive zone at $0.3300 – $0.3350.
The trading yesterday saw a decent move in Ripple price above the short-term support at $0.3200. The price struggled with the resistance at the 23.6% Fib retracement level taken between the last upswing at $0.3697 and a downswing of $0.3144. A break occurred above the 100 simple moving average (SMA) 1-hour which opened the door for more gains past $0.3300 resistance level.
Prior to the gains on Wednesday, XRP/USD had battled the seller congestion at the trendline resistance on Monday. The breakout at $0.32221 placed Ripple in a formidable uptrend that has seen it record higher highs and higher lows and as a result, XRP entered a bullish zone above $0.3350. The surge culminated in a significant upward move past $0.3400 resistance level and formed an intraday high at…
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