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Ripple Price Key Highlights
- Ripple looks ready to resume its climb after pulling back on its upside breakout.
- Recall that price to long-term
- Price has been found at 0.4500 mark and 61.8% Fib.
61.8% Fiboancci retracement level.
Technical Indicators Signals
The 100 SMA just recently completed its bullish crossover from the 200 SMA to signal that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse.
61.8% Fibonacci retracement level, which occurred to line up with the area of interest there. Price could make its way to the next upside the 6000 level or the spike higher close to the .8000 mark.
Stochastic is also pulling up from the oversold region. A bit of bullish divergence can also be seen as a price made higher lows while a stochastic had lower lows. RSI seems to have some room to head south, though, I know another dip could find support at the former double bottom neckline, broken descending trend line, or moving averages.
XRPUSD Chart from TradingView
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