Hey, guys.
This is a quick update on XRP.
After reaching the peak of 0.63, the price pulled back and tested the support of 0.55 which I talked about in the last review, where we see the reaction and rebound from the support, the main trigger was of course the rise of bitcoin. The delta shows that there is no market buying now, and the limit player is working mainly. Support is still at 0.55 and 0.5, which should be watched, if the price breaks them it will cancel the local growth and momentum will be lost. As I said earlier, I expect that the price will spend some time in the range with the boundaries of 0.5-0.63, the breakdown of this range will give a continuation of the trend or not, under the growth of bitcoin and ethereum there are chances for continued growth.
Stay tuned.
