A widely followed crypto analyst says he’s maintaining conviction on his bullish stance for XRP until the altcoin reaches his price target.
In the latest issue of the Technical Roundup newsletter, DonAlt says that XRP broke a critical resistance at $0.40 and now has very little between where it is now, and the $0.60 range.
“The USD pair broke out from its $0.40 range high and stalled around $0.50. Larger resistance rests at $0.60, but round number short-term trading this thing has been very viable as a strategy. [DonAlt’s] view is that the $0.40 breakout is significant and therefore worth holding at least until $0.60 is tagged…
Given these levels are nearby and untagged, and also considering the recent green candles in the crypto majors, [DonAlt] is still holding out for another leg. Invalidation is a total loss of momentum and/or a move back below the breakout levels.”
Last week, DonAlt said he was mostly bullish on XRP because of the optimism surrounding Ripple Labs’ lawsuit with...
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