Ripple- Don't get too excited, 1.20-1.25 is the ceiling

2021年4月24日

As I expected, XrpUsd has dropped under 1usd important figure. Of course, this strong sell-off was followed by a rebound and Ripple managed to recover some of the losses and is trading back above 1usd.
However, If we take a closer look, the rise is clearly corrective in nature and XrpUsd has a very strong confluence resistance between 1.2 and 1.25
A new leg of selling can start from this point and a new dive under 1usd is probable