- XRP has drifted lower recently after holding up extremely well in the market collapse
- We have fallen near $0.29 and are approaching a demand zone
- This has been a strong support OB in the past and we can expect to see a similar reaction
- If we do get a bounce, we could see a retest of supply above after some consolidation at this bounce zone
- If we get a flush straight through this zone, it would indicate extremely bearish PA and new lows are very likely with downside targets outlined in the chart where we could expect some type of reaction from bulls
- EMAs still trending lower with no sign of leveling off so far
Thanks guys