Yesterday, I said that XRP would fall a short distance to the support line that's been driving the surge in its prices and then bounce. It's now probing that line, with no success yet in getting through.
So here's where we take bets. Does this support line have the ability to power through both the resistance line and also the .618 line that was just crossed?
That's two resistance lines against one support line.
If so, then we go back up to 0.51, it will bounce there, but the resistance line will become support and we look forward to new highs.
If not, then XRP falls to the .7 line and will get there around October 28.
What's your guess?
So here's where we take bets. Does this support line have the ability to power through both the resistance line and also the .618 line that was just crossed?
That's two resistance lines against one support line.
If so, then we go back up to 0.51, it will bounce there, but the resistance line will become support and we look forward to new highs.
If not, then XRP falls to the .7 line and will get there around October 28.
What's your guess?