I must say, the bounce from the 0,21 XRP/EUR pair, same on XRP/USD Looks really solid.
Target of 1 EUR, just above 1 USD looks really good from here.
If it might drop lower, almost any level looks like a good buy, but do your own research.
Swell event is upcoming and Ripple already put out some positive news on XRP now ODL (On Demand Liquidity) and might have some...
Price just reached 4 stage of a parabolic movement at 4hs Chart. Besides, it was stopped of a Chuvashov Fork Line comming from past and from 1D Chart.
Every Colored line is an indicator for parabolic movement. When one of the lines are broken, the one before serves as support line.
Probably would try to go back to supply zone before breakout and...
Before XRP has seen wild bullish runs with overbought RSI into the 100 level..
But we haven't seen XRP dip really low into the oversold RSI into the 0 level..
Instead it has been Flat lining the whole time, around the 40 and 50 RSI level..
Before ANY Jump can be made out of this, we first need to see a BIG Dip before the Bounce can even happen..
If at all.....
IF THE SELLWALL AT 0.27 EURO WON'T CHANGE AND IN ACCORDING WITH FIBONACCI, POINT OF CONTROLL, STOCHASTIC, DOWNTREND CHANNEL AND SUPPORTS/RESISTENZ: WE SEE THE FORMATION OF A DOUBLE BOTTOM WHICH BRINGS THE PRICE ACTION AT THE LEVEL O.27 EURO WITH A FOLLOWING RETRACEMENT.
LET'S SEE WHAT'S HAPPEN.
LET US KNOW IF YOU AGREE WITH IT OR NOT... LET'S TALK ABOUT.
More downside short-term to a region of Euro Cents per XRP €0.18-0.19, then on any price action movement up, a mini pump could materialise to a region round €0.25-0.26 exiting long positions is a must and a bonus! Now if BTC dumps to €6k region then we will see XRP around €0.12-0.14 levels caution!