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Ripple Benefits From Market Growth

BITFINEX:XRPUSD   Ripple幣 / 美元
In the course of the prolonged correction, Ripple suffered more than many other coins, so it is not surprising that in the absence of negative fundamental news (as in the case of Litecoin), it is recovering faster than the market.

On Thursday, XRP price exceeded the targets we set yesterday and almost reached $0.67. Overcoming this mark is a key factor for continued growth - it's a mirror resistance level , which confirmed the significance on Feb. 2 when the trading volume for Ripple was at its maximum, as well as the point of intersection of the values of 0.786 and 0.236 of two Fibonacci extensions.

If the bulls can break it, the next target is at $0.72.

Since we expect a slight price fallback for most assets, we will also designate a level for Ripple: with a high degree of probability it is $0.59, which coincides with the 0.5 value on the Fibonacci grid.

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