XRP faces a lower timeframe resistance region, can it punch through
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Bitcoin showed a bearish divergence develop over the past few days between momentum and price action.
This suggested a pullback was likely.The FOMC meeting on 21-22 March could see high volatility across the market. XRP has traded within a range since November.
It had a bullish outlook at the time of writing.Realistic or not, here’s XRP’s market cap in BTC’s termsThe market structure was bullish, but that does not necessarily mean the price will go to the range highs at $0.415 soon.
Yet, it did signal bulls had the upper hand after last week’s trading.Source: XRP/USDT on TradingViewHighlighted in red was a zone of resistance at $0.39 that has been important in the past two months.
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