XRPUSD to retrace to 1.10 then hit the ground

2 feb 2018

XRPUSD was under strong selling pressure lately, mainly due to fundamental reasons (news). However, based on technical part, XRP is at a critical point of support where price reversed in the past and which also represents a Fibonacci strong level of activity. We believe that XRP may retrace to nearest area of resistance located at 1.10 and then fall down again to low levels of 0.30-0.40 during February.