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XRP rejected by pivot zone barely holding dma50; what next?
XRP update from recent post showing 0.70 & 0.60 as possible support points after triangle breakdown
Although XRP rallied quickly from 0.70, it was stopped by my 0.79 to 0.82 pivot zone & was not able to hold the dma50 green line. If 0.75, the 2 anchored VWAPS will not hold, we may be seeing a retest of 0.70 (Fibo 0.618) where the rally started or worse even back down to 0.60 support (Fibo 0.786 to 0.854 zone) which I previously warned.
However if XRP overcomes dma50, then the next TPs are 0.85 & probably 0.915 range top.
XRP Bigger Trading range is 0.60 to 0.915
XRP Smaller TR is 0.70 to 0.85.
Not trading advice
Although XRP rallied quickly from 0.70, it was stopped by my 0.79 to 0.82 pivot zone & was not able to hold the dma50 green line. If 0.75, the 2 anchored VWAPS will not hold, we may be seeing a retest of 0.70 (Fibo 0.618) where the rally started or worse even back down to 0.60 support (Fibo 0.786 to 0.854 zone) which I previously warned.
However if XRP overcomes dma50, then the next TPs are 0.85 & probably 0.915 range top.
XRP Bigger Trading range is 0.60 to 0.915
XRP Smaller TR is 0.70 to 0.85.
Not trading advice
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