XRP finally hit the resistance! and provide an amazing short
The fib based trend 1-1 level acting as perfect resistance and holding price down at the moment, looking forward for Monday opening and political impacts!!
The naked point of control untouched at $24825 provides a potential support based on the reaction and order flow. After SFP of the last low provided a rise we have been rejected from the mid range of our LTF downtrend and heading toward NPOC and daily at first step.
Way to the downside we have support at around 23k-24k, We have a daily, Fib .618 and mid range of the ou HTF sideways trend!
Locally making lower highs and heading toward high timeframe range low
Expecting a bounce as it came to my 618 trend fib time
After a long time of accumulation and SFP of the lows DMT made the move and broke the trendline and backtested. To make a global bullish market structure Hitting and close above Monthly level would start a massive rally. The local MS is bullish. All need a bit of Volume.
I would say its important to hold B and jump over C, if not, holding D is risky that being patient and watching the graph is preferred. a test above 9550 looks pretty bullish to me!
However $9,600 and 9,500 is reclaimed for support $9,050 is more likely to hold according to high timeframe.