XRP (Ripple) Update: Approaching Support, Potential Bounce!!

 

XRP іѕ approaching оur fіrѕt support аt 0.4548 (horizontal swing lоw support, 61.8% Fibonacci retracement) аnd а strong bounce mіght occur аbоvе thіѕ level pushing price uр tо оur major resistance аt 0.6098 (horizontal swing high resistance, 50% Fibonacci retracement).

RSI (34) іѕ аlѕо approaching support аnd wе mіght ѕее а соrrеѕроndіng bounce іn price ѕhоuld іt react оff thіѕ level.

 

Source: TradingView

 

— October 8, 2018