We're out of the downtrend, these are areas to keep an eye on as we transition into the uptrend.
---Short term analysis---
XRP may wick to $0.285, possibly $0.235 before targeting $0.34.
Breaking $0.34 puts $0.51 in play.
The $0.34 target happens to be a big barrier because we are dealing with:
- Lots of confluence here
- Downwards pressure that has been built at this point.
- The previous top being around this level, going beyond this marks a higher high.
----------------------------
Like and follow for updates.
Full analysis for the short, medium and long term is coming soon.
---Short term analysis---
XRP may wick to $0.285, possibly $0.235 before targeting $0.34.
Breaking $0.34 puts $0.51 in play.
The $0.34 target happens to be a big barrier because we are dealing with:
- Lots of confluence here
- Downwards pressure that has been built at this point.
- The previous top being around this level, going beyond this marks a higher high.
----------------------------
Like and follow for updates.
Full analysis for the short, medium and long term is coming soon.
