• Ripple reversed from support level 0.9
• Likely to rise to resistance level 1.000
Ripple cryptocurrency recently reversed up from the key support level 0.9 (former strong resistance level from the start December, which stopped the previous impulse wave (i)) – intersecting with the 20-day moving average and the 38.2% Fibonacci correction of the upward price impulse (1) from the start of this month. The upward reversal from support level 0.9 started the active minor impulse wave (iii).
Given the improvement in risk sentiment as seen across the cryptocurrency markets today, Ripple cryptocurrency can be expected to rise further in the active impulse wave (iii) toward the next resistance level 1.000 (top of the earlier impulse wave (i)).
