Once again we find XRP at the crossroads.
The .368 fib from the bearish fork has been exerting it's influence on price action since late April
The Price has now breached the influence of the neutral fork and we have also broken through the strong support at .1777, this has now become resistance.
We find ourselves dangling above the abyss, with no bullish influence, no further local support until .14 and the median of the bearish fib below, for this coin to move up, it needs to break above .18, where we will again gain some support from the neutral fork, and make it's way above the bearish fib at around .2362, this was the high point back in May.
Personally, although I hold a bag of these, I have a bearish bias, but as always, whatever BTC does, XRP will follow!
The .368 fib from the bearish fork has been exerting it's influence on price action since late April
The Price has now breached the influence of the neutral fork and we have also broken through the strong support at .1777, this has now become resistance.
We find ourselves dangling above the abyss, with no bullish influence, no further local support until .14 and the median of the bearish fib below, for this coin to move up, it needs to break above .18, where we will again gain some support from the neutral fork, and make it's way above the bearish fib at around .2362, this was the high point back in May.
Personally, although I hold a bag of these, I have a bearish bias, but as always, whatever BTC does, XRP will follow!
Comment:
very interesting to see how this has played out!