XRPUSD has made a low at the recent pull back at $0.85 area. This pull back was anticipated for some time now and we also mentioned that the 61.8% Fibonacci retracement is a very likely price level to see price reverse trend.
Red lines- Fibonacci extension
XRPUSD has made a low at the 61.8% Fibonacci retracement and is turning higher. Price has now started making higher highs and higher lows. There are increased chances that price made a major low at $0.85 and a new upward move has started. For this to be true, price must not break below $$0.88. Our first upside target is at $1.39. This remains true as long as price is above $0.88.
