Climbed as Predicted and New Reversal ProspectiveXRP had been climbing up as we predicted on January, 7. Hit $3 increasing XRP's confidence of being rocketing to another higher price. Now, it creates a new opportunity buying position as it didn't have enough strength to close in the previous resistance point at 2.8986 and break below the critical area of Fibonacci 0,5 / 0.618. Although XRP is mostly news-driven, it is among the most valuable altcoins. A prudent approach would be to consider entering a position only if the price remains above the 0.382 Fibonacci retracement level. This level provides a significant support area, and maintaining a price above it suggests a strong underlying bullish trend. Entering below this level increases the risk of encountering further price declines.
I suggest you deep dive into any news about XRP to increase your conviction toward it.
Disclaimer: This analysis is for general information purposes only and does not constitute financial advice. Investment decisions should be made based on an individual's specific financial situation. The author is not responsible for any investment losses
