- Continues to drop looking for support now at $1.69
- Bounced off $1.69 once, looking for a second bounce back up from $1.69 to form support
- DMI and RSI are looking bearish. Could very well bust down below $1.69 where the next stop would be $1.23
Crazy markets huh? Previously, Ripple was surging while everything else was suffering (and developed a lot of haters on the way), and now everything is dying except Ethereum, with Ripple leading the bears. Don't see too many Ether haters developing though.
While I'd love to see it stop at $1.69, those indicators aren't letting up and it very much at risk right now.
Those looking to buy in will want to watch how the $1.69 level holds before buying in.
Players looking to short, I'd exercise caution for now as it's dropped a fair way already.
I'm long either way . . . though I bought in lower and higher than current levels, so I'll wait this one out while keeping an eye on Ethereum to see if it repeats the Ripple pattern.
- Bounced off $1.69 once, looking for a second bounce back up from $1.69 to form support
- DMI and RSI are looking bearish. Could very well bust down below $1.69 where the next stop would be $1.23
Crazy markets huh? Previously, Ripple was surging while everything else was suffering (and developed a lot of haters on the way), and now everything is dying except Ethereum, with Ripple leading the bears. Don't see too many Ether haters developing though.
While I'd love to see it stop at $1.69, those indicators aren't letting up and it very much at risk right now.
Those looking to buy in will want to watch how the $1.69 level holds before buying in.
Players looking to short, I'd exercise caution for now as it's dropped a fair way already.
I'm long either way . . . though I bought in lower and higher than current levels, so I'll wait this one out while keeping an eye on Ethereum to see if it repeats the Ripple pattern.
Comment:
Breaking through .618 levels, looking to head to $1.23. The indicators are not in Ripple's favor.
Comment:
XRP manages to stay above the trend line support, and smashes above .5 reaching $2.24
Comment:
That spike last night bounced off a top trend line connecting (5) and (B).
Didn't manage to break through so now looking to establish support again at .5 fib level $1.99.
Currently pricing just under it.
Didn't manage to break through so now looking to establish support again at .5 fib level $1.99.
Currently pricing just under it.
Comment:
Looking to breakthrough the top resistance line.
Still don't like the looks of the indicators though. Let's see whether the green candles are followed by red which lead back down to $1.69