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XRPUSD at near term Support: Ripple must bounce here ?

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Ripple is at a good secondary support right now after the spike.
Bulls need to hold this zone because next support is not as strong.
If current AND zone below fail, well that's XRP - back to start line :(

NOTE:
Chart is from BitFiinex, where prices are a bit higher than other exchanges.


Previous Analysis plotting the cirtical support from which Spike was launched:
XRP/BTC at long term Critical Support: Ripple is at a Precipice
Nota
Maybe, just Maybe. I did not like seeing the fibs pierced, but looks like some buyers were there imagen

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Nota
Support holding thus far but very low volume everywhere right now. imagen should be able to get past that 2.236 but the 2.618 will be tough.
Nota
Valiant effort to hold the first support, but I think it will break soon. imagen BTC retracing is not helping XRP by any means, but Ripple has pulled back less (maybe only because it did not go up as much as bitcoin either)

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Nota
Wow, still holding Primary Support, but I think will need to fall back to zone below imagen

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Nota
Nice bounce imagen thought for ssure the support would break after second attack but goes to show the power fib confluences.

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FibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
También en:

Publicaciones relacionadas

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.