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TradeReact
Jan 9, 2018 9:19 PM

XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 Euro Long

Ripple / EuroKraken

Description

XRP has been retracing a bit after a nice bullish run.
For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies.
Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP.
We can see a clear retest of 1.60 from where new buying can come in.
Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate.
This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move.
Like this you will see XRP keep on going making new highs.
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