XRP.USD in a critical Zone, desperately needs a penny asap. Caught between two major fibs, and long way from next stop. Each support below has already done its job, don't ask again.
0.2219-2225 would be the ideal support to firm up for loading. 0.2249-2268 has withstood some hits but hopefully it is weaker. 0.2355-2369 has several fibs needed a strong blast or many hits.
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Update as of Friday Dec 6th:
Bulls have been making steady progress:
Zoomed IN to see action around the fibs EVERY line is acknowledged, respsected, and negotiated in order for price to make its way through them.
Zoom back OUT a bit, and with the fib of last bounce We see that band 3 and 6 have been relevant. And it accelerated from the 3.236 to the 6.618 (not to the 6.236). Thus I am projecting Band 9 as the next target for this wave. Alas, band 9 will likely start a retrace, as that would be a natural end to this particular wave.
Zoom more OUT with the new fib (w/ 9.618) and its parent fib in light green Looks like will get close to the previous peak. We may well end up with a retrace from a "lower high". So it will depend on how deep and viscous the retrace is, whether we make it to the next Major resistance.
In summary: The immediate "Major" resistance looks to be overcome, perhaps even flipped to support. Currently expecting a "lower local high" and a retrace from there. Bulls need to hold the retrace to at most the .227 zone or higher.
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( ( Ping ) )
On the "Major" fib in previous resistance zone Bulls need to flip this to support by riding this ping, wont get a better chance that this.
"Desperately needs a penny"
I've got a penny. Where do I send it?
Is there a "Make a Splash and Save the Ripple" fund I can donate to?
EuroMotif
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@BDG, "Make a Splash and Save the Ripple" LOL, good one!
Please toss your penny in nearest wishing pool, and repeat '5-8-9" three times :)
adomakin
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fingers xd....
EuroMotif
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@adomakin, please keep them crossed.
Looks like successful negotiation of the immediate resistance so far.
But looks like we might make a lower high only, before retrace, see my last upate above.