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Tickmill
Jan 22, 2018 5:37 AM

Ripple bounced perfectly as forecasted, prepare for bounce again Long

XRP / U.S. dollarBitstamp

Description

Ripple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.

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Comments
raghav.gakhar2010
Dead Cat Bounce?
vejdanialireza96
@Raghav.gakhar2010, what is your opinion?
raghav.gakhar2010
@vejdanialireza96, I feel BTC and Ripple go hand in hand. All eyes look at Btc now... I dont think ripple will bounce to all time high with btc in bearish mode. I do hope your analysis is right as I have invested in XRP.
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