XRP Buyers are preparing for a test of $0,78

8 feb 2021

It took only two days for buyers to start trying to build a growth trend again. The price of XRP quickly tested the range of $0.46-0.48, which we wrote about in the previous idea:

Interestingly, the price of XRP began to rise on February 4, when BTC fell.

Looking at the volume of trades, the price is consolidating and buyers are not yet ready to take control of the range of $0.46-0.48. However, the seller's attempt to continue the wave of decline looks very weak. At the moment, the price of XRP is moving between two trend lines. To start a new wave of growth, buyers need to keep the mark of $0.4 and consolidate above the range of $0.46-0.48

It is then safest to buy this coin with the first target of $0.78.

The positive scenario in the Ripple market also hints at the XRPBTC chart:

If the attempt of sellers to break the lower trend line of the triangle is unsuccessful - we will expect a new impetus to growth in the XRP market.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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