XRP USD nicely trading around fib levels

10 de jan. de 2018

This is my first idea so appreciate corrections. XRP has been bouncing nicely off fib support levels following a down channel. There is no way to know which way it will go from here - if it breaks the upper bound of the channel there is a good chance for reversal of trend, otherwise would expect it to head lower toward the ~$1.60 resistance level and then potentially lower to ~$1.15-1.25 resistance. I set incremental buy orders around fib support levels spaced out by a few cents to catch the lows and resell at ~$0.25 profit per XRP.

There seems to be an overall re-allignment of alt coins along with ETH and BTC. There could be a change in XRP movement with changes in the BTC and ETH dynamic.

I am not an investment professional and these views are only opinions.