Thoughts - Usually when bouncing within support level, the result is a downward movement. - On the 1HR the range between 10700 and 8038 is the 0.382 and 0.236 fib respectfully. I would think that a downward movement to 8100 sats would be a move before heading upwards. - Although on the 4hr is seems to be on the 0.382 support, but i think usually a sharp pin would be sign to attempt resistance on 0.5 fib. - The Resistance line from the ATH is approaching, this is what we are waiting - For now, no trade zone - Risky play would be to short with a stop above the trend line (Bright green) in case we break upwards.
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Update - Still following the downward trend line closely - Broken down from support zone - It didn't hit the 0.236 Fib as I thought - If XRP breaks above 0.000085 then I would re-evaluate and possibly look for a long position - Still likely to test the 0.236 Fib.