XRP has launched higher at has crashed into resistance at the 50% level marked on the chart. With this large move now would be a place for profit-taking.
However, as price drops back into another support Fibonacci zone, buyers are likely to get back in AND buyers that missed the launch last time will get in too.
This should bring a bounce to the upper 61.8% level around .69. We can re-evaluate once the price is testing the Golden Ratio.
If the drop does not hold at the lower 61.8% level.. we can easily drop back to the previous low.
Happy #2 on CMC for XRP and Happy #FibonacciFriday
However, as price drops back into another support Fibonacci zone, buyers are likely to get back in AND buyers that missed the launch last time will get in too.
This should bring a bounce to the upper 61.8% level around .69. We can re-evaluate once the price is testing the Golden Ratio.
If the drop does not hold at the lower 61.8% level.. we can easily drop back to the previous low.
Happy #2 on CMC for XRP and Happy #FibonacciFriday