MagicPoopCannon

XRP Targets 0.15-0.16 Range, After A Massive Failure!

POLONIEX:XRPUSD   XRP / U.S. Dollar
XRP has clearly broken down from a head and shoulders pattern, as price failed miserably to recover above the 61.8% Fibonacci retracement level in green. The size of this head and shoulders pattern is large enough to yield a price target in the 0.09 area. However, there is significant support between the current price level and 0.09. Specifically, the bottom of the falling wedge (in blue) is where the biggest support is. Based on this price action, it's clear that the downtrend remains intact. Therefore, the price target remains at the bottom of the falling blue wedge , in the 0.15-0.16 range.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-

Comments

Women and Children First!

+6 Reply
i will buy as much xrp at discount prices as i can lets hope for 0.09
+4 Reply
carltonzone rexmerpateno17
@rexmerpateno17, Might as well! This has a much better chance of returning a windfall compared to the Lotto. I'm willing to take the chance!
+3 Reply
ProjectSyndicate rexmerpateno17
@rexmerpateno17, BTCUSD 3 main scenarios mid-term update (NEW)
Reply
venturetrade rexmerpateno17
@rexmerpateno17, no worries you will be able to buy at zero.
+1 Reply
th3gr3k0sLaV rexmerpateno17
@rexmerpateno17, you're deluded lol!

It hasn't even been able to get anywhere near it's biggest highs.
Reply
rexmerpateno17 th3gr3k0sLaV
@th3gr3k0sLaV, who cares, and who are you to make comments about me personally, do you even know how to trade, if xrp dropped to 0.09 it wouldn't have to go back to its all time high. or its biggest high to make a profit, you guys always troll making snide comments and you have absolutely no idea what you are doing
+2 Reply
th3gr3k0sLaV rexmerpateno17
@rexmerpateno17, I’m definitely smarter than you
Reply
Time to buy
+1 Reply
The RipTanic!

I did a chart on this a while ago, XRP is going down to the bottom of the North Atlantic
+1 Reply
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