Hello Traders
Taking a quick look at XRP. In the previous video analysis we were discussing the importance of holding and closing daily candles above a Fibonacci support zone. Currently, we are trading below our Fib support, however we are mainly moving with BTC.
Because of the low volume and contraction in the BBands, I expect consolidation around 59c for a while, until the market shows us a more decisive direction after this consolidation.
Thank you for watching
BlockTechEv
Taking a quick look at XRP. In the previous video analysis we were discussing the importance of holding and closing daily candles above a Fibonacci support zone. Currently, we are trading below our Fib support, however we are mainly moving with BTC.
Because of the low volume and contraction in the BBands, I expect consolidation around 59c for a while, until the market shows us a more decisive direction after this consolidation.
Thank you for watching
BlockTechEv
