Ron-V

XRP ready for a reversal

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BINANCE:XRPUSDC   XRP / USD Coin
I expected a retrace to about .38 (by coincidence fib retrace and price), but I expected it to take a little bit longer. In any case this is about a perfect scenario to buy back in as everything is setting up for a reversal and it shouldn't be long before it starts heading back up toward .48 and beyond. Look for a strong weekend and keep your eye on the volume and the RSI on the hourly and the 4 hour candles while watching out for pullbacks once it starts to move. Good luck; you know this whole crypto-space has a mind of it's own so careful does it. I would set my initial stop loss at .36 because if it moves below 0.236 (the red zone) on the fib retracement tool that would indicate a continuation of the downward fall.

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