XRP Recovering After Massive Sell-Off
XRP has been in tough weather lately. Last few days, most of the large alt coins have seen tremendous growth. As it now appears, XRP is on its way to correct after the last sell-off.
The $0.17 resistance held, marking the low of the sell-off. Since then, the price has been climbing steadily and shooting through the roof today. With the amount of volume in XRP, I think the bullish pressure will persist for a few days, resulting in more growth.
On the chart I've marked two resistances where I expect some selling pressure. Resistance 1 has already been touched today, I'm confident that it will do so again either today or tomorrow. Resistance 2 would be more daring, but if XRP sees the bullish action that some other coins had lately, it won't be an issue.
The $0.17 resistance held, marking the low of the sell-off. Since then, the price has been climbing steadily and shooting through the roof today. With the amount of volume in XRP, I think the bullish pressure will persist for a few days, resulting in more growth.
On the chart I've marked two resistances where I expect some selling pressure. Resistance 1 has already been touched today, I'm confident that it will do so again either today or tomorrow. Resistance 2 would be more daring, but if XRP sees the bullish action that some other coins had lately, it won't be an issue.
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