XRPUSD closed down on 100 MA and fib 0.236 which is acting as current support. Huge downfall from top on daily chart, and now trending higher. Next resistance levels on the upside are $1.15, $1.35 and $1.65. If XRP manages to get over first two, the rocket might ignite again. On the downside $0.67 is absolutely the last support before hitting the ground.
Kommentar
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XRP retraced back to the last support. As you remember this is the zone where all started - a lot of volume came into Ripple and price went up almost verticaly. If we manage to get 4-5 green daily candles, this could mean a reversing point. I marked resistance lines - we have to go up step by step.
Trade ist aktiv
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Nice rebound, trade active, next target $1.40 and $1.63., SL $0.89.
We’re just mirroring bitcoin at the moment. So until that sorts itself out, XRP will do the same. Not even the two bits of awesome news has shifted this much (MoneyGram and recently Santander rolling out). Good news in a bear market has no effect clearly.