Ripple (XRP), which has added another victory to its victories in the past days, has seen a rapid increase in value. This increase managed to carry the price over 300% in a short time. The asset, which reached its local peak during the day, rose to $ 1.95 and went to the test for $ 2. However, the failure to break the 1.90 resistance forced the price to pull back a bit.
Ripple victory is not over yet. Technical indicators want this increase to continue. The retraction of the increase to a certain extent will show a springboard effect in the new leap of the price. We don't see the bear print yet. This increases the hope that this leap will come. A short correction window will lead the price to the next extension, or $ 2.55, with the break of the 1.618 extension level.
Increasing traffic and demands will force the post-correction to test record levels. Retracement in the MACD and RSI data tends to signal. This withdrawal may continue for a period of time with liquidation and may be consolidated. However, the waiting for the jump still continues.
Result
A price correction can be expected with these increases. However, the movement should be followed to see if it has reached saturation. The price retracement increases the expectation that it will continue to the $ 1.51 support. The time to this level may take a little longer, but a new peak peak that follows will drive the price to a new rally. On the contrary, price increases before the pullback will continue with the $ 1.90 resistance breaking again. The break of the $ 2 level can continue to $ 2.23. Therefore, the next 12 hours should be followed.
