The asset needs to close above a certain level “with undeniable confirmation” for this to happen. In the following lines, we will take a closer look at the exact conditions.
XRP Has a Chance for a ‘Meteoric Rise’
EGRAG CRYPTO presented a chart depicting XRP’s current valuation and possible expansion should it enter a green bullish area. The analyst argued that if the token closes above the Fib 0.5 level at 0.57C “with undeniable confirmation,” the community can witness a spike to as high as $1.40.
Still, such a scenario won’t be possible should XRP remain in the “ranging” zone or plummet to a “wicking” and “red flag” territory.
#XRP Color Code To $1.4:
If #XRP triumphantly closes above the Fib 0.5 level at 0.57C with undeniable confirmation, we’re setting our sights on the $1.4!. This meteoric rise is just around the corner.