XRPUSD closed down on 100 MA and fib 0.236 which is acting as current support. Huge downfall from top on daily chart, and now trending higher. Next resistance levels on the upside are $1.15, $1.35 and $1.65. If XRP manages to get over first two, the rocket might ignite again. On the downside $0.67 is absolutely the last support before hitting the ground.
Comment:
XRP retraced back to the last support. As you remember this is the zone where all started - a lot of volume came into Ripple and price went up almost verticaly. If we manage to get 4-5 green daily candles, this could mean a reversing point. I marked resistance lines - we have to go up step by step.
Trade active:
Nice rebound, trade active, next target $1.40 and $1.63., SL $0.89.
Trade active:
$1.16 coming soon, target $1.63.