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C-Nagle

Ripple - XRP USD - Possible Inverse Head and Shoulders

XRP (BITFINEX:XRPUSD)  
C-Nagle Updated   
BITFINEX:XRPUSD   XRP
Head and Shoulders Chart Patterns Support and Resistance xrp xrpusd ripple USD rippleusd Inverse Head and Shoulders invertedheadandshoulders throwback
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headandshoulders chartpattern supportandresistance xrp xrpusd ripple usd rippleusd inverseheadandshoulders invertedheadandshoulders throwback
Possible inverse head and shoulders formed on the 4hr chart There is also what appears to be a double top which might have put us in a potential throwback scenario so watch for a bounce off or break of the support line. In the case of a bounce expect a retest of 0.28 - 0.30 - If the support breaks it could fall down to wide channel of around 0.17- 0.23
Comment:
Broke through the support without much trouble. RSI showing some oversold conditions and has found a small level of support at around 0.22
Comment:
Daily chart:
snapshot
Currently at a key support level. Also approaching 78.6 fib line which might also provide some buying support. If it doesn't hold here I can see XRP falling bellow 17c
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