Ripple hasn´t made the same movement as BTC and this is good news. The correlation between these two coins is near zero. Ripple is a good alternative / combination to BTC and its spin-offs (hardforks).
When the whole market is in bearish sentiment then also Ripple is vulnerable to the negative dynamic.
Therefore I wait for two possible reactions:
A) XRP stays neutral or even it gains force to climb up to newer highs
aim: fib retracement 161.8% ($1,72)
B) XRP weakens as the whole market does and breaks the support (now resistance) at 1,14$
next support at 0,9396$
contingent upon the momentum it could either fall to fib retracement 61,8% at 0,78$
other indicators (based on 4h-candles):
MACD: signal line just triggered (neutral)
RSI: 60 (positive)
Volume: medium - but relatively lower to the past days (neutral)
MA 12: climbing (positive)
conclusion: 50 - 50 chances / risks
When the whole market is in bearish sentiment then also Ripple is vulnerable to the negative dynamic.
Therefore I wait for two possible reactions:
A) XRP stays neutral or even it gains force to climb up to newer highs
aim: fib retracement 161.8% ($1,72)
B) XRP weakens as the whole market does and breaks the support (now resistance) at 1,14$
next support at 0,9396$
contingent upon the momentum it could either fall to fib retracement 61,8% at 0,78$
other indicators (based on 4h-candles):
MACD: signal line just triggered (neutral)
RSI: 60 (positive)
Volume: medium - but relatively lower to the past days (neutral)
MA 12: climbing (positive)
conclusion: 50 - 50 chances / risks