XRPBTC - a dip to .786 fib level??

Hi guys

Another update on another coin. This time it is XRPBTC.

You are looking at the daily chart of Bittrex. FYI: I used Bittrex because it has more historical data in comparison with Binance! The chart tells us a couple of things:
- XRPBTC is in a nasty downtrend, which started in dec. 2017;
- It failed to break the resistance (red line);
- It just broke through a very important support level (around 6800sats) and XRPBTC is dropping now.
- The next support could be at .786 fib level, which is around 5800-6000 sats. This could be a zone for accumulation again.
- RSI is hugely oversold.
- MACD is crossing down again, which is bad!

I am not setting up a position now. I am watching XRP closely because the fundamentals are good and it dropped like a rock since dec 2017. Therefore, the gains can be enormous again!