For those looking to buy into XRP, today is presenting you a golden opportunity to enter the space with a low risk to down side and a high chance of up side. XRP tickled the 0.38 fib on it's 1y high retracement and has now performed a retrace of this most recent move to the 0.5 fib. From which we saw a strong bounce back to the .38 of this most recent drop.
From both a long term trend, a RSI, the Fib, as well as my personal 'fractal' graphing it's clear that XRP is merely taking a breather for the markets to calm down before continuing it's upward trend. A retrace back to the $0.396 range is less than 50%, but if we see the price retracing towards, I'd suggest a re-entry point around $0.378. If we break this range, expect to return to the low $0.30s (something I put less than a 5% chance on happening based upon both TA and the market fundamentals currently driving the price up.)
From both a long term trend, a RSI, the Fib, as well as my personal 'fractal' graphing it's clear that XRP is merely taking a breather for the markets to calm down before continuing it's upward trend. A retrace back to the $0.396 range is less than 50%, but if we see the price retracing towards, I'd suggest a re-entry point around $0.378. If we break this range, expect to return to the low $0.30s (something I put less than a 5% chance on happening based upon both TA and the market fundamentals currently driving the price up.)