In the 6hr chart we can see a huge red candle spiking down, normally calling for a reversal pattern, but also we can point that the panic selling has being replaced for a "mooning hope" the FOMO is real by now, hopefully this second sink will be the last and a reversal reen charts will be happening in the next week.
SHORT TERM: 0.73 - 0.79
LONG: 0.79 - 0.88
SHORT TERM: 0.73 - 0.79
LONG: 0.79 - 0.88
Commento:
We reach the first short term target of 0.79, by this time the XRP is showing a very weak volume to reach the long of 0.88 target, we will see a retracement to the 0.766 support line and then bounce again looking for the 0.88 target, if it breaks below 0.766 it´s most likely to go to the 0.68 level.