🔥The long lower wick on Wednesday’s candlestick signifies the determination of the buyers to push the price higher as they aggressively defend the support $0.52 support level. The resistance from the ascending channel’s upper boundary at $0.54 is currently preventing XRP from moving higher.
A daily candlestick above this level would signify the ability of the buyers to sustain the higher levels. The next hurdle would emerge from the $0.55 psychological level. Above this level, the next logical move would be a climb to confront resistance from the 100-day Simple Moving Average (SMA) at $0.5687. This would represent a 6% ascent from the current price.
#BTC #ETH #Binance #crypto2023 #XRP
$BTC $XRP $BNB
A daily candlestick above this level would signify the ability of the buyers to sustain the higher levels. The next hurdle would emerge from the $0.55 psychological level. Above this level, the next logical move would be a climb to confront resistance from the 100-day Simple Moving Average (SMA) at $0.5687. This would represent a 6% ascent from the current price.
#BTC #ETH #Binance #crypto2023 #XRP
$BTC $XRP $BNB
