$XRP retesting support and fibonacci #xrp #ripple
XRP is currently testing the 4h supply zone @ $0.6
the price created a perfect fibonacci retracement which I drew from the swing high to 0.6 almost: price action confirmed 0.236 as both resistance and support, thus we can expect some good upside movements if it gets broken on the 4h timeframe
also, the rsi is low and has much room for going up
now here are my targets:
if we break the 0.236 level @ 0.66 , I'm expecting a rally to 0.7
and if we break the 0.7 level too, I'm then expecting a rally to 0.78
let me know what you think about this idea, and drop a like and follow me if you found this helpful!
the price created a perfect fibonacci retracement which I drew from the swing high to 0.6 almost: price action confirmed 0.236 as both resistance and support, thus we can expect some good upside movements if it gets broken on the 4h timeframe
also, the rsi is low and has much room for going up
now here are my targets:
if we break the 0.236 level @ 0.66 , I'm expecting a rally to 0.7
and if we break the 0.7 level too, I'm then expecting a rally to 0.78
let me know what you think about this idea, and drop a like and follow me if you found this helpful!
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