If XRP breaks out above the descending channel, we may see a retest of the recent high around 1.84. Having said that, the intrinsic value of some of these instruments are almost irrelevant. All we know is the sentiment around the price, and at the moment it's bullish. We've fallen quite drastically to major support (21 day EMA), and are now poised to see a retracement, potentially to the 1.64 level where the .618 Fib is sitting. Trade with caution, control your leverage, and always trade tight stops. Holding overnight is a different level of risk with these type of instruments. Literally anything can happen, so personally, I try to stay away...
