As most of all coins Ripple as well had lost value. But in the case of XRP it was a heavy loss: -73% from top to down.
Before the crash started XRP had been in a negative trend channel - so the decline had already begun.
And with the crash it crossed the lower limit of the trend channel - double negative.
In the rush of XRP it had sometimes even surpassed the marketcap of Ethereum; now it´s back on the third place and 40 Bn $ are between ETH and XRP - much space.
With the recover of the course XRP re-entered the mentioned trend channel and is now trapped within the limits.
To give more positive signals it had to break through the upper limit and furtheron to break the next resistance at fib retracement 61.8% (1.77$).
The indicators are in positive terrain, ADX is following with distance.
Buy: above 1.77$ (I recommend to wait at least one 4h- candle for confirmation)
stop: below 1.36$ (fib retracement 78.6%)
Before the crash started XRP had been in a negative trend channel - so the decline had already begun.
And with the crash it crossed the lower limit of the trend channel - double negative.
In the rush of XRP it had sometimes even surpassed the marketcap of Ethereum; now it´s back on the third place and 40 Bn $ are between ETH and XRP - much space.
With the recover of the course XRP re-entered the mentioned trend channel and is now trapped within the limits.
To give more positive signals it had to break through the upper limit and furtheron to break the next resistance at fib retracement 61.8% (1.77$).
The indicators are in positive terrain, ADX is following with distance.
Buy: above 1.77$ (I recommend to wait at least one 4h- candle for confirmation)
stop: below 1.36$ (fib retracement 78.6%)