It’s Monday, October 9th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. Ripple and Bitcoin started the week on a strong bullish sentiment while NEO lost ground and Ethereum continued its consolidation. XRP/USD tested above the key resistance and 50% Fibonacci retracement level of 0.2591 above the daily Ichimoku cloud with all the other Ichimoku moving averages turned up. It is Columbus day holiday in the US so the majority of Cryptocurrency movements are independent of the US dollar. Ripple’s strength could be due to the growing excitement over the “Swell” conference in Canada on Oct. 16, 2017. After September drops, the first XRP spark occurred a day after Ripple’s CEO, Brad Garlinghouse, answered questions on an online forum, Quora, hinting at a major announcement when the company hosts its first annual conference later this month. Should the bullish market sentiment continue, we could see XRP reaching the next resistance levels falling on the 61% and 78% Fibonacci retracement levels, at 0.2887 and 0.3257 respectively. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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