Hey guys.
#XRP broke upward local consolidation after testing support in the $0.9-1$ zone. Although I was expecting a deeper correction, the continuation of the upside is encouraging given my $XRP allocation.
At the moment we see that the price is heading to the zone of 1.8-2$ - that is one of the tops of the global triangle, most likely this zone will be tested, for what the price needs to grow by another 25-30%, at the moment the instrument has a very strong momentum, but on the weekly there is some oversold and I think we are close to a stop or correction, where it will happen we can not say, for example after the test of the zone of 1.8-2$ or earlier, at the moment the open interest shows growth and some time the instrument can continue to grow.
The key support is below 1$, important zones are saturated with liquidations at the breakdown of which can accelerate 1.3 and 1.6.
If we talk about the global targets of the coin in this growth cycle, you probably have already seen the global triangle and its potential of working out with targets in the zone of 13-15$. But I will be more conservative and I would say that we can expect an ATH update above $3.5.
If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.👍
Stay tuned.
