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XRP / Bitcoin
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XRP/BTC at long term Critical Support: Ripple is at a Precipice

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Daily chart with related Fib sequences, see the close up below.
XRP has been dancing on the blue 2.618 for several days now.
If that breaks, next real support is almost a 1,000 sats below.

We all noticed that it barely participated in recent bull run.
Is it because of Fundamentals (Ripple's marketing failing?)
Or is it just waiting for the 'questionable pump' to finalize?

Close Up of the Daily Chart istantanea

And Hourly with its own tf Fib in purple istantanea

XRP is right on the last SLIVER of Support within the last BAND of Support.
Fasten seat belts and place trays upright, this could explode EITHER way.

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Nota
Uh oh, blue 2.618 support pierced, and bounce so far looks weak, unable to reach the red 6.236 above istantanea

Zoomed in and including the lower tf Fib istantanea it looks like this downward fib is losing control. That COULD mean the bounce is an impulse of its own, so a mixed signal here. Now we wait to see what happens at the blue 2.618 again.

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Nota
Nice! Just goes to prove that old cliche: Buy when it looks most Dismal. istantanea and Dismal it was looking, until this beautiful flight like that of a Phoenix rising from the ashes. XRP aint ded yet!

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Nota
Currently watching this microscopic fib istantanea 2.618's always important, been attacked twice, next assault ought to break it.

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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
Anche su:

Pubblicazioni correlate

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.