Alternative Text: XRP/USD Hourly FIBO
Let’s have a closer look at the Hourly chart situation. XRP/USD has reached new lows on Monday and touched $0.5444 support area. The currency pair jump off this level later and crossed 2.618 retracement level as a part of bullish correction. The possible scenarios for XRP/USD are the following:
1. Red scenario (bearish). The currency pair will jump off $0.5914 resistance area and move lower aiming at 2.618 retracement level. The second target for the bears lies at $0.5444 support area.
2. Orange scenario (neutral). XRP/USD will rise towards $0.6216 and reverse towards the current support area at $0.5914.
3. Green scenario (bullish correction). The currency pair will move towards $0.6216 and cross this resistance area aiming the next on, which lies at $0.6515.
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