After a strong move from $0.21 on the 4th of January XRP got to a peak of $1.66 on the 26th of April 2021. So far it has broken down below the support at $0.86 which has turned to resistance, a bearish pinbar candle has formed at the new resistance, and there is a good chance that price falls all the way to the next level of support at $0.46. Which is also the 61.8% Fibonacci retracement of the 4th January rally to $1. 6. The $0.4 support would also indicate a higher low for XRP which means the uptrend will continue. Expecting XRP to go from $0.46 to $5.16 which is the 0.618 extension level. I plan to risk 3% of my With the hope of making 10x of that.
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