This could be the beginning of a bull run for XRP (amongst other cryptos), seeing that the market is turning around. Now, will the market continue this upward trend, or is it just a speculative rebound that will fall even farther? The gray boxes represent points of resistance during an uptrend and if those points are met, then we are looking to see if they will continue to surge higher. The red box is a critical point of resistance if the price happens to fall. We can predict a bear market if the price dips below the red region.
Commentaire:
XRP has dipped below the line of resistance and is currently testing that resistance once again. The position is likely to fall to $0.71 before further reversal. For day traders, it would be smart to sell a portion of your position until price drops to the next critical zone and buy back more shares.