After a successful demonstration by fintech leaders in Japan(? not exactly sure WHO they are, but there was a tech demo on how Ripple can be used) Ripple has slowly been declining since.
Bearish confirmations of an M pattern as well as a less obvious head & shoulders as well as a MACD crossover and volume starting to dip leads me to believe that this will be bearish.
Support first identified at the 0.618 fib level ($0.679), a dip below that could be further bearish confirmation that the head & shoulders is happening. After that, crossing just above the 0.5 fib level at around $0.62 will be bearish conversion of a drop to potentially the 0.382 fib level where support will be picked up again.
I myself made a few swing trades in the current red and am currently up. Waiting for a lower point myself to buy in. Trade safely!
Bearish confirmations of an M pattern as well as a less obvious head & shoulders as well as a MACD crossover and volume starting to dip leads me to believe that this will be bearish.
Support first identified at the 0.618 fib level ($0.679), a dip below that could be further bearish confirmation that the head & shoulders is happening. After that, crossing just above the 0.5 fib level at around $0.62 will be bearish conversion of a drop to potentially the 0.382 fib level where support will be picked up again.
I myself made a few swing trades in the current red and am currently up. Waiting for a lower point myself to buy in. Trade safely!