Ripple, Early Recovery Signals (How Far Up Can It Go?)

24 lis 2022

We are seeing early recovery signals for Ripple (XRPUSDT) and the first question that pops up into mind; How far up can it go?

Considering the higher low, Nov. vs June, we aim for a higher high but this is never certain as we have a wild, unpredictable and volatile market.

But we can determine some resistance points with fairly high accuracy.

The main target based on Fib. extension is set at 0.4840.
This is an easy target if the bulls continue to push.

Depending on how this level is handled, we have 0.5878 as the next target and a weak higher high and finally 0.7558 as the Golden ratio and strong higher high... All these are marked yellow on the chart.

That's the projection short-term.

Now we just wait and see how it goes.

Namaste.