Black lines- equal size upward move expectation
Green line- resistance trend line
Violet lines -Fibonacci retracement levels
XRPUSD is bouncing higher towards $0.48 after making a short-term bottom at the $0.43 area and the 61.8% Fibonacci retracement of the last upward movement. Price is bouncing off the key Fibonacci support level. Price is still below the key trend line resistance of $0.51-$0.52, Bulls need to continue to respect the 61.8% retracement level and break above the green trend line resistance. Such a break out would produce a bullish signal with $0.67 as the first target. There is upside potential in XRPUSD as long as price holds the recent support level.
