Ripple’s Imminent Bull Run Attempting $0.2120

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Ripples Imminent Bull Run Attempting 0.2120
The price of Bitcoin is posting bullish signals
against the United States Dollar. Bulls are now
in control and could probably test the 8K price
resistance. The leading coin extended its
downside correction way down the 7.2K support
against the US Dollar. On the other hand, Ripple
(XRP)  continues a major upside towards a grand
entry into the second week of 2020.  Strong
upward momentum along Bitcoin and Ethereum prices
sparked the bullish movement for Ripple (XRP)
against the United States Dollar. XRP witnessed
an upsurge beyond the 0.1900 resistance area.
Furthermore, the coin saw a  break above 0.1940
and the 100 SMA (Simple moving average). To the
extent of surpassing the 76.4 Fibonacci
retracement level of the downward movement from
the 0.1974 high to 0.1937 low.  
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There seems to be the  possibility of surpassing
the 0.1974 swing high in the near term. The next
major  resistance level is around the 0.1985
level. Which seemingly coincides with the 1.236
Fibonacci extension level of the downward
movement to a 0.1937 low from the 0.1947
high.  In the above case, there exists high
chances of an upside break beyond the key
resistance area of 0.2000 in the near term.
Nevertheless, the next key  target for the bulls
could be above the 0.2000 and the 0.2120 this
is because it is representative of a significant
pivot area. From here, any further gains could
spark a price movement towards the 0.2250
resistance area in the next few days. However,
incase ripple fails to break the 0.2000
resistance, another downside correction lies
imminent.
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pples-imminent-bull-run-attempting-0-2120
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