XRP Bigger Picture View (Weekly Time Frame)

I would be careful longing at this level because if we use Fibonacci to find the important levels based on the last run up, we can see there is strong resistance we still need to surpass. The 0.5 level (0.00003070) is especially important, as it used to serve as support and has now turned into strong resistance (a bearish sign). I'd feel more comfortable longing once this level is surpassed, and possibly turns into support. Longing right now would be longing into strong resistance.