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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
Note
Maybe, just Maybe. I did not like seeing the fibs pierced, but looks like some buyers were there snapshot

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Note
Support holding thus far but very low volume everywhere right now. snapshot should be able to get past that 2.236 but the 2.618 will be tough.
Note
Valiant effort to hold the first support, but I think it will break soon. snapshot 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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Wow, still holding Primary Support, but I think will need to fall back to zone below snapshot

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Note
Nice bounce snapshot 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

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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
Aussi sur:

Publications connexes

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.