Hey, guys.
The medium-term scenario that I considered in the last updates on XRP at the moment is already bringing substantial profits. Let me remind you that I said that we can buy from 0.44 support with 0.52-0.55 targets, this scenario has successfully worked out.
I also wrote in the updates that if 0.55 is broken, taking into account the accumulated shorts, we have the potential to move higher and the first target is reached at 0.63.
At the moment, the zone 0.5-0.55 is the key support and should not be broken down to continue growth. I think we can expect a test of this zone. What would I like to see? A compression of volatility under the 0.63 zone and the formation of a consolidation that can be traded on a breakout.
Stay tuned.
