Here is the news.
XRP 12 and 18 hour are confirming a cross of death today.
Resistance will transition to the 50DMA on those charts.
Unfortunately, the overall prior trend was down and despite several additional great news events and additions to global exchanges, XRP as with most cryptos continue with lackluster movements.
In my opinion, XRP will retest the lows and create a double bottom. It is possible a breakdown will continue and retrace to .27. However, that probability is low presently.
On the daily a fib on the last pulse shows that XRP is holding at the 50% Fib. If current levels break, XRP can see a .71 or .64
I am long hodl at this time, looking for additional accumulations at my levels indicated.
XRP 12 and 18 hour are confirming a cross of death today.
Resistance will transition to the 50DMA on those charts.
Unfortunately, the overall prior trend was down and despite several additional great news events and additions to global exchanges, XRP as with most cryptos continue with lackluster movements.
In my opinion, XRP will retest the lows and create a double bottom. It is possible a breakdown will continue and retrace to .27. However, that probability is low presently.
On the daily a fib on the last pulse shows that XRP is holding at the 50% Fib. If current levels break, XRP can see a .71 or .64
I am long hodl at this time, looking for additional accumulations at my levels indicated.