Our Ripple fears have been confirmed.
Yesterday, when Ripple showed stronger growth than other assets in the top 10, we did not make too much of it. Today, our fears have been confirmed- growth has been completely corrected, and the downtrend hasn’t been broken. The current price is $0.49 cents- this is a level that has shown significant lateral trading in the past week. However, it’s not reasonable to hope that it will become a reliable support.
If the previous minimum, $0.45, also fails to become such a support, then the price will dip to the mirror level of $0.42, which finds additional confirmation in the form of the 1.618 Fibonacci retracement. The third target of bears is $0.4. For now, there is no silver lining in the cloud cover above Ripple.
If the previous minimum, $0.45, also fails to become such a support, then the price will dip to the mirror level of $0.42, which finds additional confirmation in the form of the 1.618 Fibonacci retracement. The third target of bears is $0.4. For now, there is no silver lining in the cloud cover above Ripple.
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