Ripple continues to test major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
@harinsara, haha yeah :)
HOLD IS THE ONLY WAY
RECOVERY WHEN HAPPENS SHOULD BE ULTRA FAST
nixel
⋅
@harinsara,
Every trade against the trend is 99% fail.
Why don't you bet on bears?
tommowas
⋅
ripple is following bitcoin. if bitcoin doesnt have correlated support, xrp will not adhere to its support. those still holding, the market has thrown you a small life jacket in the form of a deadcat.. bail.
earthling
⋅
Nice chart. You can see XRP trying to cling onto your lower support level... thanks... we'll see
rickygakl
⋅
See my charts they clearly show a drop to .30 before a genuine bounce