The 1.6$ zone is a very strong resistance zone that could push XRP down to 1.2$ zone again before generating new rally up to 2.6$ zone in June.
But if the buying force comes to help XRP in conquering the 1.6$ zone, it will keep moving up to 2$

📈RED PLAN
-Buy: 1.56-1.64$ if A. SL if B -Buy: 1.17-1.23$ if A. SL if B

📉BLUE PLAN
-Sell: 1.56-1.64$ if B. SL if A -Sell: 1.95-2.05$. SL if A -Sell: 2.54-2.66$. SL if A

🟣PURPLE PLAN
-Sell: 1.17-1.23$ if B. SL if A -Buy: 0.78-0.82$. SL if B

❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
 Alert/Action  Notify at Price  Target Price  PnL  Timeline

Total PnL:

  • The XRP Ledger (XRPL) is an open-sourced distributed ledger powered by a network of peer-to-peer servers.
  • XRP is the digital asset native to XRPL. It is designed to function as a bridge currency, with the goal to "power innovative technology across the payments space" and enable "seamless, real-time, final, and cost-effective" global payments.
  • The XRPL also supports IOUs (obligation-like assets), which can represent a large variety assets (e.g. fiat currencies, gold, airline miles, credit card points, and other cryptocurrencies).
  • The XRPL offers a decentralized exchange, allowing for trading of IOUs and XRP. XRPL also offers some smart contract functionality and supports the network-agnostic Interledger Protocol.
  • The supply of XRP is capped at a total of 100 billion XRP, while the available supply of XRP is designed to decrease over time, as the accrued amounts of transaction fees are “destroyed”.
  • XRPL was initially released in 2012 and is maintained by community participants, prominently amongst them the company Ripple, which holds a large amount of XRP that are largely locked up and purpose-bound.