We can see here that we have a chart formation, this is a pattern that can break out either way because of the flat bottom however the upside is favoured as this has shown on multiple occasions to be a strong area of demand. KRAKEN:XRPEUR .is expect to retrace to the 38.2% and 61.8% fibo retracements levels, these are very strong and well-respected levels.
From a fundamental perspective, POLONIEX:XRPUSDT there have been rumours that Ripple is looking forward to more improvements, more innovations and more financial institutions and individuals jumping into the story where transactions are fast and available almost immediately with minimal or no fees applied. Also the recent advances with NYSE:MA , NYSE:SQ , NASDAQ:PYPL and the more recent NYSE:PAGS there is a lot of hype going on.
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