We had a BTC price dump awhile ago and XRP bounce away from .5 fib level strongly and now is testing .618 fib level.
In terms of trend, XRP is printing a lower high and lower low which indicates that it is still in a downtrend. If XRP managed to break its downtrend resistance then it will surge up to .786 fib level($1.64).
MACD in the 4 hourly timeframe indicates that it has form a reversal movement.
I will be waiting XRP to break the downtrend resistance to buy into my position.
In terms of trend, XRP is printing a lower high and lower low which indicates that it is still in a downtrend. If XRP managed to break its downtrend resistance then it will surge up to .786 fib level($1.64).
MACD in the 4 hourly timeframe indicates that it has form a reversal movement.
I will be waiting XRP to break the downtrend resistance to buy into my position.
