RIPPLE (XRP) On FIRE Today -- Up 36% On Daily After Blowing $0.37 Resistance
WOW, what a day Ripple (XRP) is having!! This morning I posted that the $0.37 resistance was holding a double top for now. Well, we just saw the crypto have bulls show up in huge volume and absolutely destroy this level.
Ripple is up 36% currently on the daily with no real signs of slowing down.
However, we are in fact in major consolidation now and will definitely be seeing some sort of pullback here at some point. All of these gains in a bearish crypto space will definitely leave profit takers selling before too long.
Major support will now be found at $0.37. Big resistance from here is going to be found at the $0.45 through $0.47 levels.
XRP market cap is quickly chasing ETH. If Ripple keeps this up and Ethereum fails to come along, we will see a new #2 currency here.
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