Giorgioversace

Xrp : Like Bitcoin, the Fibonacci levels are crucial

BITSTAMP:XRPUSD   XRP / U.S. Dollar
-Like Bitcoin Xrp is very reactive with Fibonacci levels
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin

I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this is a very risky market.
If you feel that your nerves are not made to resist to such a volatility , do not trade this market.



This brutal and quick raise that noone anticipated could be a true bull trap, same as the bull trap of April, where again, the 0.236 immediatelly stopped the raise of Xrp value in Usd, where its value went from 0.46$ to 0.96$.


This could be a falling knife.
I am remaining neutral to this coin for the short term.



XRP made a Lower High on 1W and 0.786 Fibonacci rejection. We are short targeting the 0.27112 Gap Fill:

+1 Reply
manjotsbajwa InvestingScope
@InvestingScope, I wish it drops back to .35 or lower
Reply
InvestingScope manjotsbajwa
@manjotsbajwa, It should be done within the next few sessions.
Reply
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