Ripple: slowly on the wall but still up

XRP USD quotes are continually strengthening smoothly, moving with low volatility along the support line of the ascending channel of 0.3883 - 0.4469 - 0.4645 from February 7 (marked with dotted lines).

Theoretically, XRPUSD has a growth potential to its resistance within the upward trend. The price guide will be the resistance level of 0.5556. However, yesterday's high is on the way. It will be the immediate target for growth.

If there is no downward reversal below the 0.5329 level and the horizontal is broken we can expect further growth to the channel resistance level of 0.3883 - 0.4469 - 0.4645 from February 7.


The material has been provided by InstaForex Company -