So here we are, as projected, at the 0.59 price mark.
This Fib retrace could either provide resistance, causing us to drop back into the low 0.30’s (0.26-0.27 seems unlikely now with this 0.618 Fib retrace)
Or, if we continue grinding upwards, we could break through the 0.66 level.
That would be a bullish indicator that we are ready to break 0.79, (Novembers high)
0.86 would be the next big resistance level.
Also, keep an eye on BTC to hit around $58k.
A huge retracement for BTC from $58k back into the $20k region will also pull back XRP.
As I said before #excitingfebruary
This Fib retrace could either provide resistance, causing us to drop back into the low 0.30’s (0.26-0.27 seems unlikely now with this 0.618 Fib retrace)
Or, if we continue grinding upwards, we could break through the 0.66 level.
That would be a bullish indicator that we are ready to break 0.79, (Novembers high)
0.86 would be the next big resistance level.
Also, keep an eye on BTC to hit around $58k.
A huge retracement for BTC from $58k back into the $20k region will also pull back XRP.
As I said before #excitingfebruary
