XRP poised for a 0.54 USD support retest
XRP is stuck at 0.70 USD since the 24th of Nov.
Support to initiate a long position lays at 0.54USD. On the up side the 0.236 Fib retracement level from the 2017 ATH will act as Resistance (0.90 USD)
Judging by the one leg spike of the cryptocurrency, the retest should occur, unless the Fomo is getting too strong.
RSI is overbought, last time it occured the price went downward.
With this 130% price gain in one week, hard to imagine that profit will not be taken.
Support to initiate a long position lays at 0.54USD. On the up side the 0.236 Fib retracement level from the 2017 ATH will act as Resistance (0.90 USD)
Judging by the one leg spike of the cryptocurrency, the retest should occur, unless the Fomo is getting too strong.
RSI is overbought, last time it occured the price went downward.
With this 130% price gain in one week, hard to imagine that profit will not be taken.
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