Daily chart with related Fib sequences, see the close up below. XRP has been dancing on the blue 2.618 for several days now. If that breaks, next real support is almost a 1,000 sats below.
We all noticed that it barely participated in recent bull run. Is it because of Fundamentals (Ripple's marketing failing?) Or is it just waiting for the 'questionable pump' to finalize?
Close Up of the Daily Chart
And Hourly with its own tf Fib in purple
XRP is right on the last SLIVER of Support within the last BAND of Support. Fasten seat belts and place trays upright, this could explode EITHER way.
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Uh oh, blue 2.618 support pierced, and bounce so far looks weak, unable to reach the red 6.236 above
Zoomed in and including the lower tf Fib it looks like this downward fib is losing control. That COULD mean the bounce is an impulse of its own, so a mixed signal here. Now we wait to see what happens at the blue 2.618 again.
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Nice! Just goes to prove that old cliche: Buy when it looks most Dismal. and Dismal it was looking, until this beautiful flight like that of a Phoenix rising from the ashes. XRP aint ded yet!
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Currently watching this microscopic fib 2.618's always important, been attacked twice, next assault ought to break it.