Please refer to our previous post:
As mentioned in our last post we believed the XRP/BTC chart to be the most important chart in preparation of an XRP breakout.
Now we have seen the level of 0.00002150 break. Upon breakout and retest the XRP/BTC pair has started to skyrocket helping to fuel the XRP/USD breakout.
Now the pair is getting close to the key level of 0.0000255 which has historically played a role of support and resistance and happens to be right around the $3 level of the USD chart.
If this pair can break above and continue to climb we are looking at the supply zone between the 0.618 and the 0.786. This ranges between around 0.0000285 and 0.000031. Hard to say what price this would put XRP at as we do not know what price BTC would be at the time, but these are the zone to watch.
As mentioned in our last post we believed the XRP/BTC chart to be the most important chart in preparation of an XRP breakout.
Now we have seen the level of 0.00002150 break. Upon breakout and retest the XRP/BTC pair has started to skyrocket helping to fuel the XRP/USD breakout.
Now the pair is getting close to the key level of 0.0000255 which has historically played a role of support and resistance and happens to be right around the $3 level of the USD chart.
If this pair can break above and continue to climb we are looking at the supply zone between the 0.618 and the 0.786. This ranges between around 0.0000285 and 0.000031. Hard to say what price this would put XRP at as we do not know what price BTC would be at the time, but these are the zone to watch.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.