XRP/USD is very close to providing a major bullish break out signal. Price has managed to recapture the $0.70 level and is now trading above $0.75. A weekly close above $0.70 will be a top bullish signal that will imply a move above $1 is coming for XRP/USD.
XRP/USD has started the week very strong to the upside. Bulls need to defend this and hold price above $0.70 if they want to see more upside. Upside potential is huge as price could reach $1.33 as the first break out target. Price is now challenging the double top resistance. Price got rejected and pulled back strongly the first time the last couple of years that reached this area. The second time the pull back was more shallow. Now it is time to break out. If the next couple of days XRP/USD holds $0.70, then it is very possible more buyers will be attracted to it and will push prices much higher towards $1.33 and higher.The material has been provided by InstaForex Company – www.instaforex.com
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