XRP: Untangling the potential effects of these two outcomes

As the 23.6% Fibonacci level stood sturdy over the last month, XRP has struggled to break its trendline resistance (white, dashed). As the squeeze phase extends, the altcoin is in a tussle to find a convincing break. A close below the immediate demand zone (green) would provide shorting opportunities. However, if the buyers recoup their strength […]