$XRP is showing a strong setup right now.
The token is holding above its key accumulation zone, while the bigger trend continues to look positive.
A break above $1.55 could open the door toward $3.20, with $10 as a much bigger long-term target if momentum stays strong.
Still, these are targets, not guarantees. $XRP needs to confirm the breakout first.
U.S. ADP employment missed expectations.
The August figure came in at 38K versus 47K expected, with the previous reading at 46K.
A weaker labor-market print can take some pressure off rate-hike expectations, which may be supportive for risk assets.
Now the market will be watching yields, the dollar, equities, gold and crypto for the next reaction.
The token is holding above its key accumulation zone, while the bigger trend continues to look positive.
A break above $1.55 could open the door toward $3.20, with $10 as a much bigger long-term target if momentum stays strong.
Still, these are targets, not guarantees. $XRP needs to confirm the breakout first.
U.S. ADP employment missed expectations.
The August figure came in at 38K versus 47K expected, with the previous reading at 46K.
A weaker labor-market print can take some pressure off rate-hike expectations, which may be supportive for risk assets.
Now the market will be watching yields, the dollar, equities, gold and crypto for the next reaction.
