XRP/USD Ripple Trying To Halt The Drop Feb 8 2018

BITSTAMP:XRPUSD   Ripple / Dollar
Price found some support by the daily SMA200
but has been unable to produce a strong bounce.
Natural targets above current level is the Weekly pp
which is yet untraded at 0.93. And below price we
have the untraded Yearly S1 and Weekly S1 confluence
support at 0.50.
On intradray chart (to the right) price is holding above
the Daily pivot point and as long as it does , chances are
it will test the R1 at 0.795. A break below and it will
likely test the current low at 0.70 and even lower the
S1 at 0.66.
Overall we are seeing price trying to halt the sharp ongoing
drop but Bulls would like to see a freeing green big candle up
and a daily close above the 1.00 to shake off some
i'm following your analysis on xrp and btc lately and they provide very good and accurate guidance. Keep up the good work ! :)
CapMoore MariusOprea
@MariusOprea, Thanks, I am trying to give quality charting not just abc with predictions. Glad you find them useful.
MariusOprea CapMoore
@CapMoore, it's far better to have the overall picture with S/R lines and scenarios of what would happen instead of just showing elliot waves and pattern formations and go long and stuff like that. :)
This really gives you a better perspective in understanding the trend and the movement behind it.
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