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Will XRP Push off the Bottom or Remain an Outsider?

Oct 8, 2019

While the rest of the world is preparing for the Libra launch, Brad Garlinghouse is “postponing” the project for least another three years. It is not inconceivable that he is just trying to attract attention to his own project amidst all the hype surrounding Libra.

The coin’s price easily rose above Fibo 50% and hit the “golden ratio” of 61.8%. This speaks to the strong resistance on the part of sellers, and if this level is breached the price will continue its march towards the 0.29 – 0.30 USDT mark.

Overall, the coin looks attractive in terms of buying as indicators signal the continuation of the local trend. To be certain that the upwards movement will continue, the MACD sliding averages need to cross the 0 mark, and the price in the daily timeframe to hold above the МА50.

At the 0.2690 level it may be recommended to start buying the coin with limit orders, up to 0.2650. It appears quite likely that the coin will continue its climb from these rates.

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