Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards...
XRPUSD touched the Resistance 3 times without breaking up, it also lacks the volume and support on the trendline, which has been barely touched.
Take care! Don´t forget your stop losses!
We have an interesting situation developing in the XRPUSD chart :) I will be updating this thread as we go, but for now, please have a look at the data. Which way do you think it will go?
