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This indicates XRP may have bottomed out, will it stretch as far as $1.2
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ambcrypto.comXRP climbed rapidly over the past few days and met with resistance at the $1 mark. $1 was a round number resistance level and an area of supply. Rejection in this area and a retest of the $0.886 level would likely be a buying opportunity, targeting the $1.1 liquidity cluster.
However, even though Bitcoin is above $50k once more, the area from $50k-$54k was full of resistance, and BTC might not be able to break past it in one go.
Source: XRP/USDT on TradingView
XRP climbed above a trendline resistance (white) that had been in play since early November. Before the breakout, XRP repeatedly tested the $0.75 area (lower cyan box) for buyers. This area was an area that XRP was expected to find demand in, based on price action from August.
Plotting
Read more on ambcrypto.comAbout this in other media
Bitcoin's long-term momentum indicators are still positive despite recent downturn, Katie Stockton says markets.businessinsider.com /2 years ago
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