XRPUSD at near term Support: Ripple must bounce here ?

6 apr 2019

Ripple is at a good secondary support right now after the spike.
Bulls need to hold this zone because next support is not as strong.
If current AND zone below fail, well that's XRP - back to start line :(

NOTE:
Chart is from BitFiinex, where prices are a bit higher than other exchanges.


Previous Analysis plotting the cirtical support from which Spike was launched:

6 apr 2019

Nota

Maybe, just Maybe. I did not like seeing the fibs pierced, but looks like some buyers were there

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6 apr 2019

Nota

Support holding thus far but very low volume everywhere right now. should be able to get past that 2.236 but the 2.618 will be tough.

7 apr 2019

Nota

Valiant effort to hold the first support, but I think it will break soon. BTC retracing is not helping XRP by any means, but Ripple has pulled back less (maybe only because it did not go up as much as bitcoin either)

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7 apr 2019

Nota

Wow, still holding Primary Support, but I think will need to fall back to zone below

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7 apr 2019

Nota

Nice bounce thought for ssure the support would break after second attack but goes to show the power fib confluences.

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