sebfoobar

XRP re-test of 0.72 EUR before Friday ?

BITSTAMP:XRPEUR   瑞波幣/ 歐元
More selling pressure on cryptos all over the last 24 hours. With the CME futures contract expiring Friday we could re-test the lows.
BTC             could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins.

XRPEUR             could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH             .
Definitely don't break the lower downtrend (red)
評論: If we tweak a little the latest downtrend (after the bounce from 0.72), we see a triangle and clear consolidation.

The good news is that we should see a breakout really soon from that triangle.

I just don't know which side :)

It reached the box but bounced up on low volume then stayed above a downtrend.

It is breaking down now to the 0.72 level, on low volume again. No real positive to look so it could break even further down to 0.6



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sebfoobar sebfoobar
this is lacking volume. With BTC still going down we could be heading all the way back to 0.2 EUR
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and yes, the last time it bounced on 0.72 EUR it went up by 100% in 24 hours :) ...that was 5 days ago :)
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