• XRP/USD changes a phase and gains momentum again.
  • It is very important to see the pull-back range when you run out of fuel.

 

Ripple continues its ballistic trajectory towards the orbit of the Crypto universe. The magnitude of the surge could place Ripple above Ethereum as the No. 2 digital coin and this is impressive, to say the least. The distance that separates the two cryptocurrencies is a mere $200,000 as both are valued at around $23 billion at the time of writing.

The XRP/USD currently trades at the $0.58 price level, adding more than 100% to over its closing price on September 17th, or in other words: it is worth double.

On the daily chart, the XRP/USD has just surpassed the SMA200, moving upwards in the medium term. The breadth of the indicators suggests that the movement still has potential to rise.

The target is maintained at the $0.80 price level. Resistance levels are seen at $0.60 and $0.63 (price congestion resistance).

Support levels aat $0.584 and $0.548 (price congestion support).


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