Key Points:
- Retraced back to 2.54 after reaching 3.40 (depends on your broker)
- Current drop is expected retrace level if Ripple is to find it's way to 3.0 support
- Could drop down to 2.37 or 2.25 if 2.54 doens't hold.
Ripple has followed my previous graph better than I thought and is now kissing the .618 retrace.
Next stop: If this is the swing low on the retrace then it's back up to 3.18. Otherwise looking for support at 2.37 and then 2.25.
Will there be a direction towards 4.0? Let's see in about 2-3 days time. It is now significantly higher than it's historic levels so XRP may need some more time before deciding next direction in 4-5 days time. Should the "Rippling" crazy continue then 2 days might be more than enough.
- Retraced back to 2.54 after reaching 3.40 (depends on your broker)
- Current drop is expected retrace level if Ripple is to find it's way to 3.0 support
- Could drop down to 2.37 or 2.25 if 2.54 doens't hold.
Ripple has followed my previous graph better than I thought and is now kissing the .618 retrace.
Next stop: If this is the swing low on the retrace then it's back up to 3.18. Otherwise looking for support at 2.37 and then 2.25.
Will there be a direction towards 4.0? Let's see in about 2-3 days time. It is now significantly higher than it's historic levels so XRP may need some more time before deciding next direction in 4-5 days time. Should the "Rippling" crazy continue then 2 days might be more than enough.