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The two leaders of the market continued to outperform, with BTC and XRP both rising meaningfully in the face of the broad decline in altcoins. Ripple is up by double digits yet again, and the coin reached our next target at $0.26 overnight, getting short-term overbought in the process. While we expect the currency to continue its uptrend and test the key $0.30 level, a correction is likely in the coming days. Support levels are found at $0.24 and $0.22, while above $0.30 further resistance is ahead at $0.32.

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Posted by Tom Clancy