FX.co ★ Major break out imminent in XRPUSD.

XRPUSD today is trading above the key resistance level of $1.24. If price stays like this above $1.22-$1.24, we should expect new couple of weeks to see a strong upward move in XRPUSD that will eventually push price to 2021 highs and maybe higher.

Green line - support trend line

Blue line - Fibonacci extension first target

XRPUSD is making higher highs and higher lows. Respecting the green trend line was important for bulls. Now bulls are showing signs of strength once again by breaking above the red downward sloping resistance trend line. Our first target is at $1,45-$1,50 and next towards $1.75. Support is now at previous resistance at $1.23-$1.13.