XRPUSD - Is Ripple Ready For Take Off ??!!

Good morning Traders,

I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.

Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.

As long as XRPUSD stays above 0.63054 it should extend higher.

The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)

Let's see which one plays out.

Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.