Fibonacci 0.5 resistance: Egrag Crypto emphasized the importance of the fibonacci 0.5 retracement level. XRP needs to close above 2.51% to maintain momentum and create opportunities for further profits.
Surge opportunities: If XRP stays above the fibonacci 0.5 level, a rise above 3% in market capitalization will create a significant opportunity for a strong surge.
Optimal target: The ideal target is to surpass 5.75%, defining the ‘kaboom zone’, from where XRP can become a new competitor in the market.
Main barrier: The barrier to break is the ‘sky dome’ trendline. If surpassed, XRP will enter an ‘expansion space’ phase, likely leading to a major breakout.
Leave a Reply