XRP headed DOWN

8 mag 2017

I have indicated the long term trend lines beginning from the first big spike in April. As you can see, XRP just bounced off the resistance line and is headed back for the support line. Another thing to point is the strong similarity in price pattern between the spike we just experienced and the big spike we had in April. Following that pattern I believe it is safe to say we will see the price slowly go down over the course of this entire month until finally meeting the support line once again to then bounce back up. Let me know what you think about my prediction. Cheers!