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Saturday

05 December 2020

XRP price soars 50% in one week to new yearly high — Watch these levels next

XRP price soars 50% in one week to new yearly high — Watch these levels next


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A breakthrough like this is essential for more bullish momentum because this means a new higher high and a new yearly high have been reached.

Such a higher high increases the likelihood of a new uptrend while potentially establishing a new support level at the previous resistance zone of $0.30.

If that area flips for support, a new range is established for XRP, and the trend can reverse for the first time in three years.

If the price of XRP corrects, the support zone to watch for a potential support/resistance flip is found at $0.33 and the range of $0.29-0.31.

The first one is the support/resistance flip of the 0.00002250-0.00002350 sats area.

This area is currently acting as resistance, but once it flips for support, continuation to 0.00003200 sats is likely.

The second scenario is the support/resistance flip of the 0.00001900 area.

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cointelegraph.com
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