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Ripple (XRPUSD) further upside still possible

29 Sep, 2020

Yesterday it was noted here that Ripple (XRPUSD) had consolidated its recovery above the most recent low at 0.2196. The leading Alt coin traded to as high as 0.2485 yesterday following that update. However, the rebound was not sustained and the price fall back sharply again as the Asian markets got underway, dipping briefly below 0.24. Since then it has tried to recover, but the rebound thus far is not particularly compelling. The price has reached 0.2440 so far this morning and yet to threaten the highs seen yesterday. Clearly this one needs more traction and given the moves so far today in the wider crypto space that is not yet forthcoming. Having said that, all the while this holds above 0.24, then another move to 0.25 and beyond remains live. Naturally, all such bets will be off the cards if 0.22 gives way again, but barring a real fallout across the entire spectrum that seems unlikely right now. XRPUSD is just now trading at 0.2430

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