Hi Traders,

Prices finally came down to the 200MA mentioned in our last XRP post and has acted as good support. As it stands theres a good amount of volume held at that 200MA area. Currently as it stands prices are pushing higher and likely to push into the 0.618 Fib level with a possibility of an overshoot into the top zone as theres volume held within that zone. It would be good for XRP prices to then fall back into the volume zone at the 0.382 FIB zone seen on the chart forming a higher low which would be an indication that prices will then turn bullish again. However, if that bottom volume zone is broken then we will be looking for a square up of that rise up which would be S2 Pivot on our chart.

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Thanks

MS

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