Trading King
07/11 05:45
According to the shared analysis, XRP has reclaimed the $2.40 level and is gaining traction after breaking out of a symmetrical triangle formation. Aided by a forceful advance over the 21-day exponential moving average (EMA) and the 33-day simple moving average (SMA), this advancement represents a considerable indication of a trend change.
Market players have closely tracked the $2.70 to $2.90 zone, which has been indicated as the main resistance zone.
Positioned within the highlighted resistance region, the Fibonacci retracement levels appear at 0.702 ($2.73066) and 0.786 ($2.90714) on the chart. This is a reversal pattern, and a clean break above this level would open the floodgates to more aggressive bullish levels.
Also Read: Ripple 
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