XRP: ⬆️ Buy
– XRP broke daily down channel
– Likely to rise to resistance level 1.7000
XRP cryptocurrency recently reversed up from the support zone located between the key support level 1.3000 (former resistance level from June) and the 61.8% Fibonacci correction of the upward impulse wave 1 from August.
The upward reversal from this support zone completed the previous corrective wave (2) and started the active impulse wave 3 – which then broke the daily down channel from August.
Given the bullish sentiment across the crypto markets today, XRP cryptocurrency can be expected to rise further toward the next resistance level 1.7000 – top of the previous impulse wave 1.