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29.03.2023 02:25 PM
XRPUSD reaches our next target at $0.57.

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Red line- major horizontal resistance

Green rectangle- major support area

In our previous analysis we noted that XRPUSD was in a bullish break out mode and that upside potential was towards $0.57 and the September 2022 high. Price today reached as high as $0.5823 surpassing our target. Short-term trend remains bullish as price continues making higher highs and higher lows. Support at $0.43 has held and price has moved higher as expected. If bulls continue to maintain control of the trend, then our next target would be around $0.69. Bulls must focus on a weekly close above $0.57. This would be an important win for them. A rejection at $0.57 could lead to a pull back towards $0.45.

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