A Big Move Will Come From XRP - Just Wait
XRP continues to consolidate underneath our current level of strong Resistance.
This zone of Resistance stretches from 0.5371 to 0.5572, and is/was a Fair Value Gap created back in May 2022 during XRP's freefall.
We've successfully broken this level once this year, fueled by the successful news of Ripple Labs pyrrhic victory against the SEC.
A successful breakout of $0.5572 can push prices to $0.65 and $0.70 initially, and further if the Q4 crypto rally is confirmed.
However, if we fail to breakthrough then the big trade for XRP is simply shorting back down to our current Daily Demand Zone, approximately $0.2872 - $0.3263.
This zone of Resistance stretches from 0.5371 to 0.5572, and is/was a Fair Value Gap created back in May 2022 during XRP's freefall.
We've successfully broken this level once this year, fueled by the successful news of Ripple Labs pyrrhic victory against the SEC.
A successful breakout of $0.5572 can push prices to $0.65 and $0.70 initially, and further if the Q4 crypto rally is confirmed.
However, if we fail to breakthrough then the big trade for XRP is simply shorting back down to our current Daily Demand Zone, approximately $0.2872 - $0.3263.
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