XRPUSD at near term Support: Ripple must bounce here ?

Updated

Ripple is at a good secondary support right now after the spike.
Bulls need to hold this zone because next support is not as strong.
If current AND zone below fail, well that's XRP - back to start line :(

NOTE:
Chart is from BitFiinex, where prices are a bit higher than other exchanges.

Previous Analysis plotting the cirtical support from which Spike was launched:

XRP/BTC at long term Critical Support: Ripple is at a Precipice

Note

Maybe, just Maybe. I did not like seeing the fibs pierced, but looks like some buyers were there

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Note

Support holding thus far but very low volume everywhere right now.

should be able to get past that 2.236 but the 2.618 will be tough.

Note

Valiant effort to hold the first support, but I think it will break soon.

BTC retracing is not helping XRP by any means, but Ripple has pulled back less (maybe only because it did not go up as much as bitcoin either)

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Note

Wow, still holding Primary Support, but I think will need to fall back to zone below

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Note

Nice bounce

thought for ssure the support would break after second attack but goes to show the power fib confluences.

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EuroMotif

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