4th Jan - Crypto Technical & Market Watch
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If the bulls can push the price above the $ 7391, a move to $7,856.76 is possible. A close above $7,856.76 will target objective of $9,278.52 and above a move to $10,360.89 and above it to $12,000 is possible. We stand buy suggested in our earlier analysis. If the price turns down from $ 7391 and sustains below $7,000, a drop to $6,435 is possible.
If bulls can push the price above $ 132, a move to $157.50 is possible. We stand buy suggested in our earlier analysis.If below the price $ 132, a move to $ 98 is possible.
XRP/USD has bounced off the support at $0.18339, the price can now rise above the resistance at $0.20041, a relief rally to $0.23260 is possible. We stand buy suggested in our earlier analysis. if the price fails to scale above $0.20041 the support at $0.18339 and the downtrend will resume below $0.17468.
The dip to the support at $192.52 was bought aggressively. If the bulls can push the price above $227.01, the next target is $241.85. We suggest traders trail the stops on their long position to $191. If the bears defend $227.01 traders can book partial profits and trail the stops on the remaining position.
Disclosure: The author holds no cryptocurrency at the time of writing.
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