I will discuss some updates of my previous technical analysis:
The only thing that may help you when you are in this situation is what fundamontal analysis tells you. Fortunately, XRP is one of the most interesting coin in the market because of it's lowest fees and fast transaction. Please see my previous post for more informations:
- Here we can see that we had exceed the up level (SSA) of the cloud and we are touching lowest level of the cloud(SSB). This means that we are near of a reverse of trend and that If it exceed SSB, we consider that the trend have reversed: we are in a down trend (Fibo may says the same thing because we have exceeded the 0.618 level).
- But, touching SSB means also that we can be at the lowest point of correction (fibo also says the same thing), so some caution need to be considered here and big thing may happen any time.
The only thing that may help you when you are in this situation is what fundamontal analysis tells you. Fortunately, XRP is one of the most interesting coin in the market because of it's lowest fees and fast transaction. Please see my previous post for more informations:
