After weeks of consolidation, Ripple's XRP rebounded sharply on Sunday with a yield of 12.15%, eventually breaking above the $ 1.00 mark. Since hitting a record high of $ 3.35 in early January, the XRP / USD has retreated to a 76% Fibonacci retracement level as a result of the generally bearish cryptocurrency market. Since then, the $ 0.87 level has become a key support. The exchange rate is still below the average daily Ichimoku cloud volume and has not yet reached the immediate resistance level, with a 61% Fibonacci retracement of $ 1.40. The uptrend on Sunday created bullish phasing chart patterns, which may indicate a change in trend, but it is still too early to make medium-term call options. In the longer term, we see Ripple's encryption technology in keeping with Ripple's popularity and show that huge returns are a matter of time. As we introduced earlier, RippleNet has been working to expand its worldwide partnerships to connect banks, payment providers, digital asset exchanges and businesses through RippleNet to provide a frictionless experience for remittances around the world. However, Ripple's token XRP is now optional for partners, which may be one of the reasons for slow catching. In any case, Ripple remains the third-largest cryptocurrency in market capitalisation, behind Bitcoin and Ethereum. Thanks for watching, investing responsibly and tomorrow I will see more updates.
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