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XRP unfolding to absolute perfection right now following the reversal from the $0.265 region given.
In margin trading terms this equates to around 100 pips in movement so far. In line with our usual guidelines we can now comfortably place stops into profit and let the trade run its course risk-free
Pullback regions: $0.235 - $0.245
You can use these regions as...
If we now look at the current Daily candle bearish reversal. Upon closure of this candle it will confirm even further the perfect Daily 78.6% retracement holding up solid. Not to mention its also the key resistance level I've provided for you all to mirror and plot on your charts
Now take a look at where the final 0.618% Fib extension aligns... $ 9762
A nice setup on the 4H timeframe for this pair is now beginning to formulate. As the BTC dominance yet again rose today, XRP still managed to sustain at our level well.
As shown, the fib setup and our level correlates very well with the 61.8% retracement alongside the rejections off this level.
The sharp pullback weve just seen shows a heavy selling presence around this mark, but we still have to remain open for wick fishing around the key level just above up to $10,900. The reason being is the perfect tap of $10,500 which was only recently a very solid level of resistance, now turned support. Only upon a major breakout of this level would we consider...