Ripple (XRP) Analysis
Ripple continued to range in a channel and closed the week with a 4% price increase. Buyers appear keen to test the key resistance at $54 cents. If they are successful at a breakout, then they could hope to see the price rally again.
The daily MACD has turned bullish in the past week, hinting that this cryptocurrency is ready to move higher. A decisive breakout above $54 cents is needed to confirm rally to supply zone.
Looking ahead, XRP has a real opportunity in the coming week to bring back volume and buyers. If successful, the next target will be found at $68 cents.
Whilst weekly time frame left equal lows liquidity which is expected to sweep. Having said that we might sell to clear external range liquidity before going bullish to takeaway internal range liquidity.
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