Just a bigger picture with some interesting confluences and fib channel..
Trade attivo:
The support is looking weak. If BTC continues retracing, XRP will reach the confluence area circled in orange - fib line and major support area - I give it max 7-10 days to touch the 0,15$ if we break downwards. The fib I believe will hold strong!!
Chart:
Chart:
Trade attivo:
The 0.618 fib line of the channel serves as support as expected. The chart looks still solid and I'm not touching it. If the PA will close bellow the fib then the blue horizontal support lines will be in play for a quick capitulation daily wick. Still expecting daily to close above the fib line in any case.