quantguy

Ripple Retracement Continues

BITSTAMP:XRPUSD   XRP / US Dollar
Ripple has retraced its gains and has given up the $3, comfortably seated at about $2.50 at the time of this writing, where it is finding support from a nested Fibonacci Extension level. Some congestion at $2.75 (also a psychological level) will prove difficult to penetrate. A red triangle on Friday’s candle via the KRI serves as another ominous sign for XRP. It has fallen back to third place in market share.

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