Ripple has already reached our first target objective of $0.7, mentioned in the previous analysis. The markets have rejected the lower levels, which is a bullish sign.
The $0.7 to $0.73 area can act as a resistance and any dip towards the $0.56270 levels should be used as a buying opportunity, keeping a stop loss at $0.453. We can confirm a bottom if the next move down doesn’t break below $0.56270.
We expect the XRP/USD pair to trade in a wide range.